Everpar Advisors LLC Makes New Investment in D.R. Horton, Inc. (NYSE:DHI)

Everpar Advisors LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, Holdings Channel.com reports. The firm bought 2,728 shares of the construction company’s stock, valued at approximately $415,000.

Several other hedge funds have also recently modified their holdings of DHI. Greenhaven Associates Inc. increased its stake in D.R. Horton by 1.0% during the fourth quarter. Greenhaven Associates Inc. now owns 3,547,948 shares of the construction company’s stock worth $539,217,000 after acquiring an additional 34,366 shares during the last quarter. Northern Trust Corp increased its holdings in D.R. Horton by 3.2% during the 3rd quarter. Northern Trust Corp now owns 3,389,414 shares of the construction company’s stock worth $364,260,000 after purchasing an additional 104,453 shares during the period. Morgan Stanley raised its holdings in shares of D.R. Horton by 3.4% in the third quarter. Morgan Stanley now owns 3,254,275 shares of the construction company’s stock valued at $349,737,000 after acquiring an additional 106,074 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of D.R. Horton by 21.7% in the 4th quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after purchasing an additional 484,058 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in D.R. Horton by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,921,431 shares of the construction company’s stock valued at $292,019,000 after acquiring an additional 32,700 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Activity

In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the completion of the transaction, the director now owns 1,703 shares in the company, valued at $256,642.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the sale, the director now directly owns 1,703 shares in the company, valued at approximately $256,642.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly 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 27,812 shares of company stock valued at $4,330,617 in the last three months. 1.74% of the stock is currently owned by company insiders.

D.R. Horton Stock Performance

NYSE DHI traded down $3.65 during trading on Wednesday, reaching $147.75. The company’s stock had a trading volume of 2,849,962 shares, compared to its average volume of 2,541,169. The business’s fifty day moving average price is $152.32 and its 200-day moving average price is $142.72. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month 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 firm 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 earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same quarter last year, the business earned $2.73 EPS. The business’s revenue was up 14.2% on a year-over-year basis. As a group, analysts anticipate that D.R. Horton, Inc. will post 14.31 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DHI shares. The Goldman Sachs Group upped their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Keefe, Bruyette & Woods lifted their price target on D.R. Horton from $172.00 to $178.00 and gave the stock an “outperform” rating in a report on Tuesday. BTIG Research reduced their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Barclays cut their price target on shares of D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Finally, JMP Securities increased their price target on D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $158.41.

D.R. Horton 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.