D.R. Horton, Inc. (NYSE:DHI) Position Increased by LSV Asset Management

LSV Asset Management lifted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 5.8% in the 4th quarter, Holdings Channel reports. The firm owned 391,260 shares of the construction company’s stock after buying an additional 21,400 shares during the quarter. LSV Asset Management’s holdings in D.R. Horton were worth $59,464,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Oakworth Capital Inc. acquired a new position in shares of D.R. Horton during the 4th quarter worth about $38,000. BluePath Capital Management LLC acquired a new stake in D.R. Horton in the 3rd quarter worth $33,000. Friedenthal Financial acquired a new position in shares of D.R. Horton during the fourth quarter valued at about $47,000. AdvisorNet Financial Inc lifted its stake in shares of D.R. Horton by 81.8% in the fourth quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock valued at $55,000 after buying an additional 162 shares during the period. Finally, ORG Partners LLC grew its position in D.R. Horton by 37,500.0% during the fourth quarter. ORG Partners LLC now owns 376 shares of the construction company’s stock worth $57,000 after buying an additional 375 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DHI shares. Raymond James lifted their price objective on D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Bank of America reduced their price objective on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a report on Friday, April 19th. Jefferies Financial Group upped their price target on D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Keefe, Bruyette & Woods reduced their target price on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a report on Wednesday, January 24th. Finally, Barclays cut their price objective on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $158.06.

D.R. Horton Stock Performance

Shares of D.R. Horton stock traded up $3.02 during trading on Friday, reaching $148.48. The company’s stock had a trading volume of 3,134,157 shares, compared to its average volume of 2,607,539. The business’s 50-day moving average price is $152.09 and its 200-day moving average price is $141.48. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $165.75. The firm has a market cap of $48.90 billion, a PE ratio of 10.11, a P/E/G ratio of 0.73 and a beta of 1.66. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. During the same period in the prior year, the firm posted $2.73 EPS. D.R. Horton’s quarterly revenue was up 14.2% on a year-over-year basis. Equities analysts forecast that D.R. Horton, Inc. will post 14.31 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

Insider Activity

In other news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction 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 available through this hyperlink. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction that occurred 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 directly owns 5,650 shares in the company, valued at $844,053.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at $838,799. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,812 shares of company stock valued at $4,029,217. 1.74% of the stock is currently owned by corporate insiders.

About D.R. Horton

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.