Paradiem LLC Has $4.39 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Paradiem LLC lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,909 shares of the construction company’s stock after selling 2,330 shares during the quarter. Paradiem LLC’s holdings in D.R. Horton were worth $4,394,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oakworth Capital Inc. bought a new position in shares of D.R. Horton in the fourth quarter valued at $38,000. BluePath Capital Management LLC purchased a new position in D.R. Horton in the third quarter valued at about $33,000. Friedenthal Financial purchased a new position in D.R. Horton in the fourth quarter valued at about $47,000. AdvisorNet Financial Inc boosted its stake in D.R. Horton by 81.8% in the fourth quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock valued at $55,000 after acquiring an additional 162 shares during the last quarter. Finally, ORG Partners LLC lifted its stake in shares of D.R. Horton by 37,500.0% during the 4th quarter. ORG Partners LLC now owns 376 shares of the construction company’s stock valued at $57,000 after buying an additional 375 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DHI shares. Keefe, Bruyette & Woods decreased their target price on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a report on Wednesday, January 24th. Royal Bank of Canada decreased their target price on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a report on Friday, April 19th. JMP Securities increased their price target on shares of D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 24th. Wedbush reissued an “underperform” rating and issued a $130.00 price target on shares of D.R. Horton in a report on Thursday, April 18th. Finally, Bank of America decreased their price target on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $158.06.

D.R. Horton Stock Up 0.8 %

Shares of DHI traded up $1.13 during mid-day trading on Friday, hitting $145.33. 2,057,426 shares of the company traded hands, compared to its average volume of 2,504,805. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75. 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 company has a market capitalization of $47.86 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64. The business has a 50 day moving average of $151.99 and a 200 day moving average of $140.33.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. During the same quarter in the prior year, the company earned $2.73 EPS. D.R. Horton’s quarterly revenue was up 14.2% on a year-over-year basis. Equities research analysts anticipate that D.R. Horton, Inc. will post 14.31 EPS for the current year.

D.R. Horton Dividend Announcement

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

Insider Activity

In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the transaction, the director now owns 5,650 shares in the company, valued at approximately $809,419. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $809,419. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the sale, the insider now directly owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The disclosure for this sale can be found here. Insiders have sold 27,560 shares of company stock worth $4,279,636 in the last quarter. Corporate insiders own 1.74% of the company’s stock.

D.R. Horton Company 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.