National Pension Service Boosts Stake in D.R. Horton, Inc. (NYSE:DHI)

National Pension Service grew its stake in D.R. Horton, Inc. (NYSE:DHI) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,013,722 shares of the construction company’s stock after acquiring an additional 33,110 shares during the quarter. National Pension Service owned about 0.31% of D.R. Horton worth $154,065,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Oakworth Capital Inc. purchased a new stake in shares of D.R. Horton during the fourth quarter worth about $38,000. Friedenthal Financial acquired a new position in D.R. Horton in the 4th quarter valued at $47,000. AdvisorNet Financial Inc lifted its stake in shares of D.R. Horton by 81.8% during the 4th quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock worth $55,000 after purchasing an additional 162 shares during the period. EdgeRock Capital LLC purchased a new position in shares of D.R. Horton during the 4th quarter worth $55,000. Finally, ORG Partners LLC boosted its holdings in shares of D.R. Horton by 37,500.0% during the fourth quarter. ORG Partners LLC now owns 376 shares of the construction company’s stock worth $57,000 after purchasing an additional 375 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 2.4 %

NYSE DHI traded down $3.65 during mid-day trading on Wednesday, reaching $147.75. 2,849,962 shares of the company’s stock traded hands, compared to its average volume of 2,541,169. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75. The company has a fifty day simple moving average of $152.32 and a 200-day simple moving average of $142.72. The company has a market cap of $48.66 billion, a price-to-earnings ratio of 10.06, a P/E/G ratio of 0.73 and a beta of 1.66.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share 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 net margin of 13.39% and a return on equity of 21.32%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.73 earnings per share. As a group, equities research analysts expect that D.R. Horton, Inc. will post 14.31 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors 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 yield of 0.81%. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DHI shares. Seaport Res Ptn downgraded D.R. Horton from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Jefferies Financial Group increased their target price on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Bank of America cut their price objective on D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Keefe, Bruyette & Woods boosted their target price on D.R. Horton from $172.00 to $178.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, UBS Group raised their price target on shares of D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.41.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $838,799. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Barbara K. Allen sold 363 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the transaction, the director now owns 5,650 shares in the company, valued at approximately $838,799. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction 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 transaction, 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. Insiders sold a total of 27,812 shares of company stock valued at $4,330,617 over the last three months. 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.