River Global Investors LLP Sells 489 Shares of D.R. Horton, Inc. (NYSE:DHI)

River Global Investors LLP lessened its holdings in D.R. Horton, Inc. (NYSE:DHI) by 4.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,826 shares of the construction company’s stock after selling 489 shares during the period. River Global Investors LLP’s holdings in D.R. Horton were worth $1,645,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Evergreen Capital Management LLC raised its position in D.R. Horton by 53.7% in the third quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock worth $1,074,000 after acquiring an additional 3,489 shares during the period. Voss Capital LLC bought a new position in D.R. Horton in the 4th quarter worth $7,599,000. Los Angeles Capital Management LLC lifted its position in D.R. Horton by 390.6% during the third quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock valued at $79,884,000 after purchasing an additional 591,787 shares in the last quarter. SteelPeak Wealth LLC bought a new stake in D.R. Horton during the third quarter valued at about $218,000. Finally, Handelsbanken Fonder AB increased its position in D.R. Horton by 20.5% in the fourth quarter. Handelsbanken Fonder AB now owns 97,275 shares of the construction company’s stock worth $14,784,000 after buying an additional 16,573 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DHI. Keefe, Bruyette & Woods cut their price objective on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a research note on Wednesday, January 24th. The Goldman Sachs Group lifted their price target on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, January 11th. UBS Group increased their price objective on shares of D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 19th. 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 report on Thursday, February 1st. Finally, Bank of America decreased their price target on D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.06.

D.R. Horton Trading Up 2.1 %

Shares of NYSE DHI traded up $3.02 during trading hours on Friday, reaching $148.48. The stock had a trading volume of 3,134,157 shares, compared to its average volume of 2,607,539. The business’s fifty day moving average price is $152.09 and its two-hundred day moving average price is $142.01. The firm has a market cap of $48.90 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 0.73 and a beta of 1.66. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $165.75. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last posted its quarterly 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 the consensus estimate of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The business’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.73 EPS. Analysts expect that D.R. Horton, Inc. will post 14.31 EPS 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. Shareholders of record on Thursday, May 2nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 annualized dividend and a yield of 0.81%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Insider Activity

In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at $844,053.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction dated 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 directly owns 773,121 shares in the company, valued at $120,862,005.93. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,812 shares of company stock worth $4,029,217. 1.74% of the stock is currently owned by company insiders.

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.