Syon Capital LLC Increases Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Syon Capital LLC lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 17.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,379 shares of the construction company’s stock after buying an additional 661 shares during the quarter. Syon Capital LLC’s holdings in D.R. Horton were worth $666,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of DHI. BluePath Capital Management LLC acquired a new stake in D.R. Horton during the 3rd quarter valued at approximately $33,000. Oakworth Capital Inc. acquired a new stake in D.R. Horton during the 4th quarter valued at approximately $38,000. First Pacific Financial acquired a new stake in D.R. Horton during the 3rd quarter valued at approximately $41,000. Silver Oak Securities Incorporated acquired a new stake in D.R. Horton during the 3rd quarter valued at approximately $43,000. Finally, JFS Wealth Advisors LLC grew its position in shares of D.R. Horton by 85.8% in the 3rd quarter. JFS Wealth Advisors LLC now owns 420 shares of the construction company’s stock worth $45,000 after acquiring an additional 194 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

Shares of DHI traded up $1.13 during midday trading on Friday, reaching $145.33. The stock had a trading volume of 1,905,175 shares, compared to its average volume of 2,571,037. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $165.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. The firm’s 50 day moving average price is $151.91 and its 200-day moving average price is $139.83. The company has a market capitalization of $47.86 billion, a P/E ratio of 9.82, a P/E/G ratio of 0.72 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.73 EPS. On average, analysts forecast that D.R. Horton, Inc. will post 14.28 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s payout ratio is 8.17%.

Insider Buying and Selling

In other news, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total transaction of $250,418.48. Following the transaction, the director now owns 5,650 shares in the company, valued at $809,419. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total transaction of $250,418.48. Following the transaction, the director now owns 5,650 shares in the company, valued at $809,419. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. Insiders have sold 27,560 shares of company stock worth $4,279,636 in the last three months. 1.74% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on DHI shares. The Goldman Sachs Group lifted their target price on D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Jefferies Financial Group lifted their target price on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Seaport Res Ptn lowered D.R. Horton from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Raymond James lifted their target price on D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, BTIG Research cut their price target on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $158.06.

D.R. Horton Profile

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.