Summit Global Investments Has $15.59 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Summit Global Investments raised its holdings in D.R. Horton, Inc. (NYSE:DHI) by 423.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 102,604 shares of the construction company’s stock after buying an additional 83,003 shares during the quarter. D.R. Horton accounts for about 1.0% of Summit Global Investments’ investment portfolio, making the stock its 20th largest position. Summit Global Investments’ holdings in D.R. Horton were worth $15,594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BluePath Capital Management LLC acquired a new stake in D.R. Horton in the 3rd quarter valued at approximately $33,000. Oakworth Capital Inc. bought a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $38,000. Silver Oak Securities Incorporated bought a new stake in shares of D.R. Horton during the third quarter valued at approximately $43,000. JFS Wealth Advisors LLC increased its position in shares of D.R. Horton by 85.8% during the third quarter. JFS Wealth Advisors LLC now owns 420 shares of the construction company’s stock valued at $45,000 after purchasing an additional 194 shares during the period. Finally, Friedenthal Financial bought a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group boosted their price objective on D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Barclays lowered their price target on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. BTIG Research lowered their price target on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. Raymond James upped their price target on D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, Keefe, Bruyette & Woods lowered their price target on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 24th. 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. According to MarketBeat, D.R. Horton presently has a consensus rating of “Moderate Buy” and an average price target of $158.06.

D.R. Horton Stock Up 1.8 %

Shares of NYSE:DHI traded up $2.55 during mid-day trading on Thursday, reaching $145.03. 1,234,535 shares of the stock were exchanged, compared to its average volume of 2,536,317. 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 cap of $47.76 billion, a P/E ratio of 9.70, a P/E/G ratio of 0.71 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 stock’s 50 day simple moving average is $152.04 and its 200-day simple moving average is $141.14.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the company earned $2.73 earnings per share. As a group, equities research analysts predict that D.R. Horton, Inc. will post 14.31 EPS for the current year.

D.R. Horton Dividend Announcement

The business 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. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 annualized dividend and a yield of 0.83%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 449 shares of the stock in a transaction that occurred 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 directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was 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 directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $838,799. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,812 shares of company stock valued at $4,029,217. 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.