Plato Investment Management Ltd Acquires 4,975 Shares of D.R. Horton, Inc. $DHI

Plato Investment Management Ltd boosted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 82.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,021 shares of the construction company’s stock after purchasing an additional 4,975 shares during the quarter. Plato Investment Management Ltd’s holdings in D.R. Horton were worth $1,595,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of DHI. Concord Wealth Partners purchased a new position in shares of D.R. Horton during the third quarter valued at approximately $25,000. Steigerwald Gordon & Koch Inc. purchased a new position in D.R. Horton in the third quarter worth $27,000. Sound Income Strategies LLC purchased a new position in D.R. Horton in the fourth quarter worth $27,000. Ameriflex Group Inc. purchased a new position in D.R. Horton in the third quarter worth $31,000. Finally, Elevated Capital Advisors LLC bought a new stake in shares of D.R. Horton in the fourth quarter valued at $27,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $147.56 on Monday. The company’s fifty day simple moving average is $146.25 and its two-hundred day simple moving average is $150.41. D.R. Horton, Inc. has a 12-month low of $114.17 and a 12-month high of $184.54. The firm has a market cap of $41.85 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 2.07 and a beta of 1.41. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.15 by $0.09. The firm had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.58 earnings per share. As a group, equities analysts expect that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio is presently 16.87%.

Insiders Place Their Bets

In other news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction that occurred 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 sale, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.66% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on DHI. Citigroup boosted their target price on D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Truist Financial upped their target price on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. The Goldman Sachs Group boosted their price objective on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings raised shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $168.54.

D.R. Horton Profile

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.