Inceptionr LLC Takes Position in D.R. Horton, Inc. $DHI

Inceptionr LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,421 shares of the construction company’s stock, valued at approximately $1,597,000.

Several other hedge funds have also recently bought and sold shares of DHI. Winnow Wealth LLC acquired a new position in shares of D.R. Horton during the third quarter worth approximately $960,000. Berkshire Hathaway Inc acquired a new stake in D.R. Horton in the 2nd quarter valued at approximately $191,491,000. Mediolanum International Funds Ltd increased its position in D.R. Horton by 96.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock valued at $25,670,000 after acquiring an additional 74,266 shares during the period. Arete Wealth Advisors LLC bought a new stake in D.R. Horton during the 3rd quarter valued at $946,000. Finally, Trinity Street Asset Management LLP bought a new stake in D.R. Horton during the 3rd quarter valued at $25,140,000. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DHI has been the subject of several recent analyst reports. Wells Fargo & Company reissued an “equal weight” rating and issued a $155.00 price target (down from $180.00) on shares of D.R. Horton in a research note on Tuesday, January 6th. BTIG Research set a $182.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 21st. Citigroup decreased their target price on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Zacks Research cut shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Finally, UBS Group set a $163.00 price target on shares of D.R. Horton in a research note on Tuesday, January 27th. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, D.R. Horton has an average rating of “Hold” and an average price target of $159.93.

Insider Activity

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 shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the transaction, the senior vice president owned 6,457 shares of the company’s stock, valued at $1,081,870.35. The trade was a 3.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.66% of the stock is owned by corporate insiders.

D.R. Horton Stock Down 1.6%

DHI opened at $147.45 on Monday. 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 company has a market capitalization of $42.72 billion, a PE ratio of 13.39, a P/E/G ratio of 2.28 and a beta of 1.43. The stock’s fifty day moving average is $155.11 and its 200-day moving average is $157.25. 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 announced its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.05. The business had revenue of $6.89 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the business posted $2.61 earnings per share. On average, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were given 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 1.2%. D.R. Horton’s dividend payout ratio (DPR) is 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.