Securian Asset Management Inc. Sells 5,854 Shares of D.R. Horton, Inc. $DHI

Securian Asset Management Inc. lowered its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 44.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,446 shares of the construction company’s stock after selling 5,854 shares during the quarter. Securian Asset Management Inc.’s holdings in D.R. Horton were worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Capital World Investors lifted its holdings in shares of D.R. Horton by 159.8% during the 3rd 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. Capital International Investors bought a new stake in D.R. Horton in the third quarter valued at about $395,179,000. Boston Partners acquired a new position in D.R. Horton in the third quarter worth about $274,784,000. Viking Global Investors LP lifted its stake in D.R. Horton by 108.3% during the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after purchasing an additional 1,469,978 shares during the period. Finally, TD Asset Management Inc lifted its stake in D.R. Horton by 769.3% during the third quarter. TD Asset Management Inc now owns 893,226 shares of the construction company’s stock worth $151,375,000 after purchasing an additional 790,475 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Buying and Selling at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the firm’s 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.66% of the company’s stock.

D.R. Horton Stock Performance

NYSE:DHI opened at $143.46 on Wednesday. D.R. Horton, Inc. has a 1 year low of $114.17 and a 1 year high of $184.54. The firm has a 50 day moving average of $145.44 and a 200-day moving average of $150.17. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $40.68 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 2.03 and a beta of 1.41.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The business had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same period in the prior year, the company earned $2.58 EPS. D.R. Horton’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, May 7th. D.R. Horton’s dividend payout ratio is presently 16.87%.

Analyst Upgrades and Downgrades

DHI has been the topic of several analyst reports. Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Barclays raised their target price on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Bank of America set a $158.00 price target on D.R. Horton in a research report on Wednesday, January 21st. Royal Bank Of Canada lifted their price objective on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. Finally, Truist Financial boosted their target price on shares of D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average 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.