Los Angeles Capital Management LLC Grows Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Los Angeles Capital Management LLC boosted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 1.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 757,422 shares of the construction company’s stock after purchasing an additional 14,111 shares during the quarter. Los Angeles Capital Management LLC’s holdings in D.R. Horton were worth $115,113,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DHI. BluePath Capital Management LLC bought a new stake in shares of D.R. Horton in the third quarter worth about $33,000. Oakworth Capital Inc. bought a new stake in D.R. Horton in the 4th quarter worth approximately $38,000. Silver Oak Securities Incorporated purchased a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $43,000. JFS Wealth Advisors LLC boosted its position in shares of D.R. Horton by 85.8% during the 3rd quarter. JFS Wealth Advisors LLC now owns 420 shares of the construction company’s stock valued at $45,000 after acquiring an additional 194 shares during the last quarter. Finally, Friedenthal Financial purchased a new position in shares of D.R. Horton in the fourth quarter valued at $47,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Royal Bank of Canada lowered their price objective on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research report on Friday, April 19th. Barclays dropped their price target on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Jefferies Financial Group upped their price objective on D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research report on Friday, April 19th. The Goldman Sachs Group lifted their target price on D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, Raymond James increased their price target on D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $158.06.

D.R. Horton Stock Up 1.8 %

NYSE:DHI traded up $2.61 during mid-day trading on Thursday, reaching $145.09. The company’s stock had a trading volume of 927,015 shares, compared to its average volume of 2,533,239. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $47.78 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 0.71 and a beta of 1.66. The stock has a fifty day moving average of $152.04 and a 200-day moving average of $141.14. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $165.75.

D.R. Horton (NYSE:DHI) last released 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 firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the firm earned $2.73 earnings per share. Equities research analysts forecast that D.R. Horton, Inc. will post 14.31 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s payout ratio is 8.17%.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the sale, the director now directly owns 5,650 shares in the company, valued at approximately $838,799. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Barbara K. Allen sold 363 shares of the company’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 of the company’s stock, valued at $838,799. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The disclosure for this sale can be found here. In the last three months, insiders sold 25,812 shares of company stock valued at $4,029,217. Corporate insiders own 1.74% of the company’s stock.

D.R. Horton Profile

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.