4,989 Shares in D.R. Horton, Inc. $DHI Acquired by Secure Asset Management LLC

Secure Asset Management LLC acquired a new position in D.R. Horton, Inc. (NYSE:DHI) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 4,989 shares of the construction company’s stock, valued at approximately $719,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital World Investors lifted its stake in shares of D.R. Horton by 159.8% in the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after acquiring an additional 18,607,545 shares during the period. State Street Corp lifted its stake in shares of D.R. Horton by 0.7% in the second quarter. State Street Corp now owns 12,636,264 shares of the construction company’s stock worth $1,629,067,000 after acquiring an additional 92,219 shares during the period. Invesco Ltd. lifted its stake in shares of D.R. Horton by 18.1% in the third quarter. Invesco Ltd. now owns 3,372,020 shares of the construction company’s stock worth $571,456,000 after acquiring an additional 517,752 shares during the period. Viking Global Investors LP lifted its stake in shares of D.R. Horton by 108.3% in the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after acquiring an additional 1,469,978 shares during the period. Finally, Capital International Investors acquired a new position in shares of D.R. Horton in the third quarter worth approximately $395,179,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. The Goldman Sachs Group reissued a “buy” rating and issued a $195.00 price target on shares of D.R. Horton in a research note on Tuesday, January 13th. Citigroup dropped their price target on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Finally, Bank of America set a $158.00 price target on D.R. Horton in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and an average price target of $159.93.

Insider Activity at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the sale, the senior vice president owned 6,457 shares in the company, valued at $1,081,870.35. The trade was a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.66% of the stock is currently owned by corporate insiders.

D.R. Horton Price Performance

Shares of DHI opened at $141.65 on Tuesday. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. The business’s 50 day moving average price is $149.98 and its two-hundred day moving average price is $152.28. The firm has a market cap of $41.04 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 2.17 and a beta of 1.44.

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

D.R. Horton Dividend Announcement

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

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.