Townsend & Associates Inc Has $11.79 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Townsend & Associates Inc increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 121.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,714 shares of the construction company’s stock after acquiring an additional 46,436 shares during the period. Townsend & Associates Inc’s holdings in D.R. Horton were worth $11,793,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of DHI. Oakworth Capital Inc. bought a new position in shares of D.R. Horton in the fourth quarter valued at $38,000. BluePath Capital Management LLC bought a new position in shares of D.R. Horton in the 3rd quarter valued at about $33,000. Friedenthal Financial acquired a new position in shares of D.R. Horton during the 4th quarter worth about $47,000. AdvisorNet Financial Inc raised its holdings in shares of D.R. Horton by 81.8% in the 4th quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock valued at $55,000 after purchasing an additional 162 shares during the period. Finally, EdgeRock Capital LLC acquired a new stake in D.R. Horton in the 4th quarter valued at about $55,000. 90.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at D.R. Horton

In other news, insider David V. Auld sold 25,000 shares of the 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 completion of the transaction, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the transaction, the insider now directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael R. Buchanan sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the sale, the director now owns 1,703 shares in the company, valued at approximately $256,642.10. The disclosure for this sale can be found here. Insiders have sold a total of 27,812 shares of company stock worth $4,330,617 over the last 90 days. Insiders own 1.74% of the company’s stock.

D.R. Horton Price Performance

DHI traded up $1.75 on Thursday, hitting $149.49. 1,212,790 shares of the stock were exchanged, compared to its average volume of 2,525,022. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $165.75. The firm has a market capitalization of $49.23 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 0.73 and a beta of 1.66. The business has a 50-day moving average of $152.32 and a two-hundred day moving average of $142.72.

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

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Royal Bank of Canada lowered their price target on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a research report on Friday, April 19th. JMP Securities upped their price objective on shares of D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a report on Wednesday, January 24th. The Goldman Sachs Group lifted their target price on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Seaport Res Ptn cut shares of D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Finally, Raymond James boosted 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.41.

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.