First National Bank of Omaha continued to hold its position in D.R. Horton, Inc. (NYSE:DHI) during the second quarter, Holdings Channel reports. The fund owned 56,500 shares of the construction company’s stock at the end of the second quarter. First National Bank of Omaha’s holdings in D.R. Horton were worth $1,310,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in D.R. Horton by 4,643.2% in the first quarter. BlackRock Inc. now owns 31,771,328 shares of the construction company’s stock valued at $1,058,305,000 after buying an additional 31,101,501 shares during the last quarter. Capital Growth Management LP boosted its position in D.R. Horton by 107.5% in the first quarter. Capital Growth Management LP now owns 3,320,000 shares of the construction company’s stock valued at $110,589,000 after buying an additional 1,720,000 shares in the last quarter. Oakmont Corp boosted its position in D.R. Horton by 1,271.8% in the first quarter. Oakmont Corp now owns 1,133,269 shares of the construction company’s stock valued at $37,749,000 after buying an additional 1,050,660 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in D.R. Horton by 1,823.4% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,090,284 shares of the construction company’s stock valued at $36,357,000 after buying an additional 1,033,600 shares in the last quarter. Finally, Highbridge Capital Management LLC boosted its position in D.R. Horton by 1,082.0% in the fourth quarter. Highbridge Capital Management LLC now owns 1,087,158 shares of the construction company’s stock valued at $29,712,000 after buying an additional 995,183 shares in the last quarter. Hedge funds and other institutional investors own 83.00% of the company’s stock.
Shares of D.R. Horton, Inc. (DHI) traded up 0.77% on Friday, hitting $36.61. 2,650,083 shares of the stock were exchanged. The company has a 50 day moving average of $34.64 and a 200 day moving average of $32.58. The company has a market cap of $13.75 billion, a price-to-earnings ratio of 14.26 and a beta of 1.25. D.R. Horton, Inc. has a 52-week low of $26.69 and a 52-week high of $37.44.
D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 20th. The construction company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.10 billion. D.R. Horton had a net margin of 7.38% and a return on equity of 14.10%. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. Equities research analysts forecast that D.R. Horton, Inc. will post $2.76 earnings per share for the current year.
Several equities analysts have recently commented on the stock. Wells Fargo & Company restated an “outperform” rating and set a $41.00 price target (up from $39.00) on shares of D.R. Horton in a report on Monday, July 10th. Wedbush boosted their target price on shares of D.R. Horton from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, July 17th. Royal Bank Of Canada boosted their target price on shares of D.R. Horton from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, July 13th. BidaskClub raised shares of D.R. Horton from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $42.00 price objective (up previously from $41.00) on shares of D.R. Horton in a research report on Tuesday, June 27th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $36.78.
About D.R. Horton
D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.
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