Leavell Investment Management Inc. Purchases 130 Shares of D.R. Horton, Inc. $DHI

Leavell Investment Management Inc. raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 3.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,456 shares of the construction company’s stock after buying an additional 130 shares during the quarter. Leavell Investment Management Inc.’s holdings in D.R. Horton were worth $446,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mutual Advisors LLC increased its position in D.R. Horton by 4.8% in the 2nd quarter. Mutual Advisors LLC now owns 1,749 shares of the construction company’s stock valued at $225,000 after acquiring an additional 80 shares in the last quarter. Horizon Investments LLC increased its position in D.R. Horton by 1.5% in the 1st quarter. Horizon Investments LLC now owns 5,586 shares of the construction company’s stock valued at $708,000 after acquiring an additional 83 shares in the last quarter. Franchise Capital Ltd increased its position in D.R. Horton by 15.7% in the 2nd quarter. Franchise Capital Ltd now owns 626 shares of the construction company’s stock valued at $81,000 after acquiring an additional 85 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its position in D.R. Horton by 2.7% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company’s stock valued at $470,000 after acquiring an additional 98 shares in the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its position in D.R. Horton by 5.3% in the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,000 shares of the construction company’s stock valued at $258,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Up 0.5%

D.R. Horton stock opened at $158.70 on Tuesday. The company’s 50 day simple moving average is $166.51 and its 200 day simple moving average is $143.58. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The firm has a market capitalization of $47.31 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 3.28 and a beta of 1.40. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19.

Insider Buying and Selling

In related news, Director Michael R. Buchanan sold 1,000 shares of D.R. Horton stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $180.74, for a total transaction of $180,740.00. Following the transaction, the director owned 1,193 shares of the company’s stock, valued at $215,622.82. This trade represents a 45.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman David V. Auld sold 30,000 shares of D.R. Horton stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the transaction, the chairman directly owned 815,672 shares in the company, valued at $148,623,595.12. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,376 shares of company stock valued at $5,898,848 in the last 90 days. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on DHI. Wells Fargo & Company raised their price objective on shares of D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Wall Street Zen upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Evercore ISI set a $169.00 price target on shares of D.R. Horton and gave the stock an “in-line” rating in a research report on Tuesday, October 7th. Bank of America lowered their price target on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $156.54.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.