87,283 Shares in D.R. Horton, Inc. $DHI Bought by Overbrook Management Corp

Overbrook Management Corp purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 87,283 shares of the construction company’s stock, valued at approximately $12,571,000. D.R. Horton comprises 2.2% of Overbrook Management Corp’s holdings, making the stock its 17th biggest holding.

A number of other large investors have also added to or reduced their stakes in DHI. Concord Wealth Partners purchased a new position in shares of D.R. Horton in the third quarter valued at about $25,000. Canton Hathaway LLC purchased a new stake in shares of D.R. Horton during the third quarter worth about $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of D.R. Horton in the third quarter worth about $27,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of D.R. Horton in the second quarter worth about $29,000. Finally, Ameriflex Group Inc. purchased a new position in D.R. Horton during the 3rd quarter valued at about $31,000. Institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the subject of several research analyst reports. Keefe, Bruyette & Woods reiterated a “reduce” rating on shares of D.R. Horton in a report on Tuesday, January 27th. Wells Fargo & Company reissued an “equal weight” rating and set a $155.00 target price (down from $180.00) on shares of D.R. Horton in a research note on Tuesday, January 6th. Citigroup decreased their target price on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Finally, UBS Group reiterated a “buy” rating on shares of D.R. Horton in a report on Thursday, March 12th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $159.93.

D.R. Horton Stock Performance

Shares of DHI opened at $138.79 on Tuesday. The company has a 50-day simple moving average of $153.69 and a two-hundred day simple moving average of $155.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. The firm has a market capitalization of $40.21 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 2.06 and a beta of 1.43. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $184.54.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The firm had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the prior year, the business earned $2.61 EPS. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s dividend payout ratio is presently 16.35%.

Insider Transactions at D.R. Horton

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the transaction, the senior vice president owned 6,457 shares in the company, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.66% of the company’s stock.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.