Obermeyer Wood Investment Counsel Lllp Increases Position in D.R. Horton, Inc. (NYSE:DHI)

Obermeyer Wood Investment Counsel Lllp grew its stake in D.R. Horton, Inc. (NYSE:DHI) by 8.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,900 shares of the construction company’s stock after acquiring an additional 633 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in D.R. Horton were worth $1,201,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Evergreen Capital Management LLC increased its holdings in shares of D.R. Horton by 53.7% in the 3rd quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock valued at $1,074,000 after acquiring an additional 3,489 shares during the period. Voss Capital LLC purchased a new position in shares of D.R. Horton in the 4th quarter valued at $7,599,000. Los Angeles Capital Management LLC grew its stake in D.R. Horton by 390.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock worth $79,884,000 after buying an additional 591,787 shares during the last quarter. SteelPeak Wealth LLC purchased a new position in D.R. Horton during the 3rd quarter worth $218,000. Finally, O Shaughnessy Asset Management LLC grew its stake in D.R. Horton by 43.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,731 shares of the construction company’s stock worth $2,228,000 after buying an additional 6,272 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was 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 owns 5,650 shares in the company, valued at approximately $844,053.50. The disclosure for this sale can be found here. In the last three months, insiders sold 27,197 shares of company stock valued at $4,225,745. Company insiders own 1.74% of the company’s stock.

D.R. Horton Trading Up 0.1 %

Shares of NYSE DHI traded up $0.14 during trading on Thursday, hitting $145.88. 5,483,750 shares of the company traded hands, compared to its average volume of 2,570,038. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $165.75. The company has a 50-day moving average price of $151.94 and a 200-day moving average price of $138.37. The firm has a market capitalization of $48.41 billion, a P/E ratio of 10.79, a P/E/G ratio of 0.72 and a beta of 1.64. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.43. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same period in the previous year, the company earned $2.73 EPS. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, equities analysts predict that D.R. Horton, Inc. will post 14.24 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.82%. D.R. Horton’s dividend payout ratio (DPR) is 8.63%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Citigroup boosted their target price on D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. The Goldman Sachs Group boosted their target price on D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. UBS Group boosted their target price on D.R. Horton from $155.00 to $192.00 in a research note on Monday, January 22nd. Barclays boosted their price target on D.R. Horton from $166.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Finally, BTIG Research dropped their price target on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $154.00.

About D.R. Horton

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.