D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Picton Mahoney Asset Management

Picton Mahoney Asset Management raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 18.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 102,717 shares of the construction company’s stock after buying an additional 15,913 shares during the quarter. Picton Mahoney Asset Management’s holdings in D.R. Horton were worth $15,610,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DHI. Greenhaven Associates Inc. increased its position in D.R. Horton by 1.0% during the 4th quarter. Greenhaven Associates Inc. now owns 3,547,948 shares of the construction company’s stock worth $539,217,000 after purchasing an additional 34,366 shares in the last quarter. Northern Trust Corp grew its holdings in shares of D.R. Horton by 3.2% during the third quarter. Northern Trust Corp now owns 3,389,414 shares of the construction company’s stock worth $364,260,000 after buying an additional 104,453 shares in the last quarter. Morgan Stanley raised its position in shares of D.R. Horton by 3.4% in the third quarter. Morgan Stanley now owns 3,254,275 shares of the construction company’s stock valued at $349,737,000 after buying an additional 106,074 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of D.R. Horton by 21.7% during the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock valued at $412,503,000 after buying an additional 484,058 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in D.R. Horton by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,921,431 shares of the construction company’s stock worth $292,019,000 after acquiring an additional 32,700 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 0.1 %

Shares of NYSE:DHI traded up $0.16 during mid-day trading on Tuesday, hitting $151.42. 2,544,959 shares of the company traded hands, compared to its average volume of 2,539,081. The firm’s 50 day simple moving average is $152.32 and its 200 day simple moving average is $142.72. The firm has a market cap of $49.86 billion, a P/E ratio of 10.31, a PEG ratio of 0.73 and a beta of 1.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $165.75.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.73 earnings per share. On average, equities analysts anticipate that D.R. Horton, Inc. will post 14.31 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be given a $0.30 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.79%. D.R. Horton’s payout ratio is currently 8.17%.

Analysts Set New Price Targets

DHI has been the topic of several analyst reports. Seaport Res Ptn cut D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Bank of America lowered their price target on D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a report on Friday, April 19th. Barclays decreased their target price on shares of D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. The Goldman Sachs Group boosted their target price on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Raymond James increased their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, D.R. Horton currently has a consensus rating of “Moderate Buy” and an average price target of $158.41.

Insider Activity

In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the sale, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the transaction, the director now directly owns 5,650 shares in the company, valued at $838,799. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The disclosure for this sale can be found here. Insiders sold 27,812 shares of company stock worth $4,330,617 over the last ninety days. Corporate insiders own 1.74% of the company’s stock.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.