NEOS Investment Management LLC Boosts Stake in D.R. Horton, Inc. $DHI

NEOS Investment Management LLC increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 43.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,348 shares of the construction company’s stock after purchasing an additional 11,076 shares during the quarter. NEOS Investment Management LLC’s holdings in D.R. Horton were worth $6,160,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Integrated Wealth Concepts LLC increased its holdings in D.R. Horton by 23.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after acquiring an additional 803 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of D.R. Horton by 295.5% in the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after purchasing an additional 455 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of D.R. Horton during the 2nd quarter valued at $302,000. Mutual Advisors LLC lifted its stake in shares of D.R. Horton by 4.8% during the 2nd quarter. Mutual Advisors LLC now owns 1,749 shares of the construction company’s stock valued at $225,000 after buying an additional 80 shares in the last quarter. Finally, Phoenix Financial Ltd. boosted its holdings in D.R. Horton by 88.2% in the 2nd quarter. Phoenix Financial Ltd. now owns 34,393 shares of the construction company’s stock worth $4,433,000 after buying an additional 16,116 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DHI. Bank of America set a $158.00 target price on D.R. Horton in a research note on Wednesday, January 21st. Evercore boosted their target price on D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods restated a “reduce” rating on shares of D.R. Horton in a report on Tuesday, January 27th. Barclays decreased their price objective on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada increased their price objective on D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a report on Wednesday, October 29th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $160.29.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $167.26 on Thursday. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $184.54. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a market cap of $48.45 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 2.57 and a beta of 1.44. The company’s 50 day moving average is $153.38 and its 200 day moving average is $157.46.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 EPS 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 net margin of 9.95% and a return on equity of 13.51%. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.61 EPS. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s payout ratio is 16.35%.

Insider Buying and Selling at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the sale, the senior vice president directly owned 6,457 shares of the company’s stock, valued at $1,081,870.35. This represents a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.66% of the company’s stock.

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.