River Global Investors LLP Sells 489 Shares of D.R. Horton, Inc. (NYSE:DHI)

River Global Investors LLP lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,826 shares of the construction company’s stock after selling 489 shares during the period. River Global Investors LLP’s holdings in D.R. Horton were worth $1,645,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DHI. Evergreen Capital Management LLC raised its holdings in D.R. Horton by 53.7% in the third quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock worth $1,074,000 after purchasing an additional 3,489 shares during the period. Voss Capital LLC bought a new position in D.R. Horton during the fourth quarter worth about $7,599,000. Los Angeles Capital Management LLC grew its stake in D.R. Horton by 390.6% in the third quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock valued at $79,884,000 after acquiring an additional 591,787 shares during the period. SteelPeak Wealth LLC bought a new position in shares of D.R. Horton during the 3rd quarter valued at about $218,000. Finally, Handelsbanken Fonder AB grew its position in shares of D.R. Horton by 20.5% in the 4th quarter. Handelsbanken Fonder AB now owns 97,275 shares of the construction company’s stock valued at $14,784,000 after purchasing an additional 16,573 shares during the period. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DHI. JMP Securities upped their price target on shares of D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a report on Wednesday, January 24th. Keefe, Bruyette & Woods reduced their price objective on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, January 24th. Raymond James increased their price objective on D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Jefferies Financial Group raised their price target on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Finally, Bank of America cut their price objective on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton currently has a consensus rating of “Moderate Buy” and an average price target of $158.06.

D.R. Horton Price Performance

Shares of DHI stock traded up $3.02 during trading on Friday, hitting $148.48. The company had a trading volume of 3,134,157 shares, compared to its average volume of 2,607,539. The firm has a market capitalization of $48.90 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 0.73 and a beta of 1.66. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $165.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The stock’s 50-day moving average price is $152.09 and its 200 day moving average price is $142.01.

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

D.R. Horton Announces Dividend

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 paid a $0.30 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.81%. D.R. Horton’s payout ratio is currently 8.17%.

Insider Activity at D.R. Horton

In other news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction on 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 in the company, valued at $844,053.50. The sale 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 D.R. Horton stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the transaction, the director now owns 5,650 shares in the company, valued at $838,799. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the stock in a transaction on Thursday, March 14th. The shares were 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 owns 5,650 shares of the company’s stock, valued at $844,053.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,812 shares of company stock valued at $4,029,217. 1.74% of the stock is owned by insiders.

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.