River Wealth Advisors LLC boosted its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 26.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,690 shares of the construction company’s stock after buying an additional 4,139 shares during the quarter. River Wealth Advisors LLC’s holdings in D. R. Horton were worth $815,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of DHI. Sanders Capital LLC raised its position in D. R. Horton by 32.1% during the 4th quarter. Sanders Capital LLC now owns 18,594,037 shares of the construction company’s stock worth $704,810,000 after buying an additional 4,517,147 shares during the last quarter. FMR LLC raised its position in D. R. Horton by 36.0% during the 4th quarter. FMR LLC now owns 16,346,693 shares of the construction company’s stock worth $566,576,000 after buying an additional 4,327,013 shares during the last quarter. Norges Bank purchased a new position in D. R. Horton during the 4th quarter worth approximately $115,236,000. Oregon Public Employees Retirement Fund raised its position in D. R. Horton by 7,047.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,694,226 shares of the construction company’s stock worth $78,000 after buying an additional 2,656,532 shares during the last quarter. Finally, Lakewood Capital Management LP purchased a new position in D. R. Horton during the 4th quarter worth approximately $35,596,000. 84.77% of the stock is owned by institutional investors.
In other news, Director Michael W. Hewatt sold 2,000 shares of D. R. Horton stock in a transaction on Monday, March 25th. The stock was sold at an average price of $41.28, for a total transaction of $82,560.00. Following the transaction, the director now owns 9,000 shares in the company, valued at approximately $371,520. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Barbara K. Allen sold 1,410 shares of D. R. Horton stock in a transaction on Friday, March 8th. The stock was sold at an average price of $40.47, for a total value of $57,062.70. Following the transaction, the director now owns 7,060 shares in the company, valued at approximately $285,718.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,666 shares of company stock worth $229,892. Insiders own 6.87% of the company’s stock.
D. R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.86 by $0.07. D. R. Horton had a return on equity of 16.96% and a net margin of 9.39%. The business had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the previous year, the firm earned $0.91 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Research analysts expect that D. R. Horton Inc will post 3.9 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, May 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.34%. D. R. Horton’s dividend payout ratio is presently 14.67%.
A number of equities analysts have issued reports on the stock. Wedbush reissued an “outperform” rating and set a $43.00 price target on shares of D. R. Horton in a research report on Wednesday, January 23rd. Barclays set a $44.00 price objective on shares of D. R. Horton and gave the stock a “buy” rating in a research note on Thursday, March 28th. Zelman & Associates raised shares of D. R. Horton from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Royal Bank of Canada set a $43.00 price objective on shares of D. R. Horton and gave the stock a “hold” rating in a research note on Friday, April 26th. Finally, Keefe, Bruyette & Woods cut shares of D. R. Horton from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $45.66 to $37.30 in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. D. R. Horton currently has a consensus rating of “Buy” and a consensus target price of $47.36.
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D. R. Horton Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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