Asset Management One Co. Ltd. Sells 237 Shares of D.R. Horton, Inc. $DHI

Asset Management One Co. Ltd. reduced its stake in D.R. Horton, Inc. (NYSE:DHI) by 0.2% during the second quarter, HoldingsChannel reports. The firm owned 118,914 shares of the construction company’s stock after selling 237 shares during the period. Asset Management One Co. Ltd.’s holdings in D.R. Horton were worth $15,330,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DHI. Olde Wealth Management LLC bought a new stake in shares of D.R. Horton during the 1st quarter worth $26,000. Bayforest Capital Ltd raised its position in D.R. Horton by 340.4% during the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after purchasing an additional 194 shares in the last quarter. Accredited Wealth Management LLC bought a new stake in D.R. Horton during the first quarter worth about $34,000. Ransom Advisory Ltd bought a new stake in D.R. Horton during the first quarter worth about $51,000. Finally, Adirondack Trust Co. boosted its holdings in shares of D.R. Horton by 53.2% in the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock worth $52,000 after purchasing an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Transactions at D.R. Horton

In other news, Director Michael R. Buchanan sold 1,000 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $180.74, for a total transaction of $180,740.00. Following the completion of the sale, the director directly owned 1,193 shares in the company, valued at approximately $215,622.82. This represents a 45.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Aron M. Odom sold 1,376 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $183.00, for a total transaction of $251,808.00. Following the sale, the senior vice president owned 6,457 shares of the company’s stock, valued at approximately $1,181,631. This represents a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,376 shares of company stock worth $5,898,848. Company insiders own 0.54% of the company’s stock.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $158.14 on Monday. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average price of $166.65 and a 200-day moving average price of $143.32. The company has a market cap of $47.14 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 3.28 and a beta of 1.40. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DHI. Evercore ISI set a $169.00 target price on D.R. Horton and gave the stock an “in-line” rating in a research report on Tuesday, October 7th. Wells Fargo & Company lifted their price target on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Citigroup upped their price objective on shares of D.R. Horton from $162.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, October 1st. 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. Finally, Wedbush boosted their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.