Silvant Capital Management LLC Purchases New Position in D.R. Horton, Inc. $DHI

Silvant Capital Management LLC acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,544 shares of the construction company’s stock, valued at approximately $3,143,000.

Several other institutional investors and hedge funds also recently modified their holdings of DHI. Capital World Investors raised 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 valued at $5,126,995,000 after buying an additional 18,607,545 shares during the period. State Street Corp grew its position in 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 valued at $1,629,067,000 after acquiring an additional 92,219 shares in the last quarter. Norges Bank acquired a new stake in D.R. Horton in the second quarter valued at approximately $494,278,000. Franklin Resources Inc. raised its stake in shares of D.R. Horton by 16.4% during the second quarter. Franklin Resources Inc. now owns 3,200,176 shares of the construction company’s stock valued at $412,567,000 after purchasing an additional 450,362 shares during the period. Finally, Invesco Ltd. raised its stake in shares of D.R. Horton by 13.2% during the second quarter. Invesco Ltd. now owns 2,854,268 shares of the construction company’s stock valued at $367,972,000 after purchasing an additional 333,846 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 1.6%

Shares of NYSE:DHI opened at $145.27 on Wednesday. The firm has a market cap of $42.09 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 2.28 and a beta of 1.43. The company has a fifty day simple moving average of $155.15 and a 200 day simple moving average of $156.97. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same period last year, the business earned $2.61 EPS. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. On average, equities research 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 disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is 16.35%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DHI shares. UBS Group set a $163.00 target price on shares of D.R. Horton in a research note on Tuesday, January 27th. The Goldman Sachs Group reiterated a “buy” rating and issued a $195.00 price objective on shares of D.R. Horton in a report on Tuesday, January 13th. Argus upped their price objective on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Keefe, Bruyette & Woods restated a “reduce” rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of D.R. Horton in a research report on Wednesday, January 7th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $159.93.

Insider Buying and Selling

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction on Friday, February 13th. The shares were 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.66% of the stock is currently owned by corporate insiders.

D.R. Horton Company 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.