Alpha DNA Investment Management LLC Acquires Shares of 1,055 D.R. Horton, Inc. (NYSE:DHI)


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Alpha DNA Investment Management LLC acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,055 shares of the construction company’s stock, valued at approximately $72,000.

A number of other institutional investors have also made changes to their positions in the business. Sanders Capital LLC grew its position in D.R. Horton by 1.2% in the 4th quarter. Sanders Capital LLC now owns 15,571,735 shares of the construction company’s stock valued at $1,156,003,000 after acquiring an additional 192,079 shares during the last quarter. Egerton Capital UK LLP grew its position in D.R. Horton by 1.2% in the 4th quarter. Egerton Capital UK LLP now owns 10,562,410 shares of the construction company’s stock valued at $727,961,000 after acquiring an additional 121,046 shares during the last quarter. Dimensional Fund Advisors LP grew its position in D.R. Horton by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,942,943 shares of the construction company’s stock valued at $409,648,000 after acquiring an additional 142,526 shares during the last quarter. Norges Bank bought a new position in D.R. Horton in the 4th quarter valued at $239,480,000. Finally, Nuveen Asset Management LLC grew its position in shares of D.R. Horton by 23.7% during the 3rd quarter. Nuveen Asset Management LLC now owns 2,414,502 shares of the construction company’s stock worth $182,609,000 after buying an additional 463,358 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

DHI stock opened at $92.17 on Thursday. The company has a current ratio of 6.70, a quick ratio of 1.82 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $33.52 billion, a PE ratio of 14.36, a P/E/G ratio of 0.67 and a beta of 1.70. D.R. Horton, Inc. has a 12-month low of $36.79 and a 12-month high of $94.20. The business’s fifty day moving average price is $82.74 and its 200 day moving average price is $75.81.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Monday, January 25th. The construction company reported $2.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.42. The firm had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $5.57 billion. D.R. Horton had a return on equity of 20.67% and a net margin of 11.69%. The company’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.16 EPS. Research analysts predict that D.R. Horton, Inc. will post 8.02 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 25th. Investors of record on Wednesday, February 17th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, February 16th. This represents a $0.80 annualized dividend and a yield of 0.87%. D.R. Horton’s payout ratio is 12.99%.

A number of equities research analysts have commented on the company. BTIG Research increased their price target on D.R. Horton from $98.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, January 27th. Wolfe Research initiated coverage on D.R. Horton in a report on Monday, March 22nd. They set an “outperform” rating and a $94.00 target price on the stock. Raymond James raised their target price on D.R. Horton from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, January 25th. JPMorgan Chase & Co. raised D.R. Horton from a “neutral” rating to an “overweight” rating in a report on Wednesday, March 17th. Finally, Royal Bank of Canada raised their target price on D.R. Horton from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Wednesday, January 27th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. D.R. Horton has a consensus rating of “Buy” and a consensus target price of $85.95.

In other news, Director Michael W. Hewatt sold 5,000 shares of the business’s stock in a transaction dated Tuesday, March 23rd. The stock was sold at an average price of $85.30, for a total value of $426,500.00. Following the completion of the sale, the director now directly owns 10,342 shares of the company’s stock, valued at approximately $882,172.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 4,000 shares of the business’s stock in a transaction dated Thursday, January 28th. The shares were sold at an average price of $74.52, for a total value of $298,080.00. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $421,038. The disclosure for this sale can be found here. Insiders have sold a total of 18,419 shares of company stock valued at $1,499,876 over the last three months. 0.46% of the stock is currently owned by insiders.

About D.R. Horton

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 29 states and 88 markets under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, and Freedom Homes.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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