Park National Corp OH Buys 7,460 Shares of D.R. Horton, Inc. $DHI

Park National Corp OH raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,067 shares of the construction company’s stock after acquiring an additional 7,460 shares during the period. D.R. Horton makes up about 1.1% of Park National Corp OH’s portfolio, making the stock its 28th biggest holding. Park National Corp OH’s holdings in D.R. Horton were worth $35,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Concord Wealth Partners acquired a new position in D.R. Horton in the third quarter valued at about $25,000. Canton Hathaway LLC acquired a new stake in D.R. Horton during the third quarter worth about $26,000. Steigerwald Gordon & Koch Inc. bought a new position in D.R. Horton in the 3rd quarter valued at about $27,000. Ameriflex Group Inc. bought a new position in D.R. Horton in the 3rd quarter valued at about $31,000. Finally, Westfuller Advisors LLC acquired a new position in shares of D.R. Horton in the 3rd quarter valued at approximately $34,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

NYSE DHI opened at $138.09 on Friday. The firm’s fifty day moving average price is $154.58 and its two-hundred day moving average price is $155.74. The stock has a market cap of $40.01 billion, a PE ratio of 12.54, a PEG ratio of 2.12 and a beta of 1.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The company had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the prior year, the company earned $2.61 EPS. D.R. Horton’s revenue was down 9.5% compared to the same quarter last year. On average, equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is presently 16.35%.

Insider Buying and Selling at D.R. Horton

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on DHI. Zacks Research lowered shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Argus boosted 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. Bank of America set a $158.00 target price on D.R. Horton in a research note on Wednesday, January 21st. UBS Group reiterated a “buy” rating on shares of D.R. Horton in a research note on Thursday, March 12th. Finally, Evercore upped their price objective on D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $159.93.

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.