Csenge Advisory Group Sells 78 Shares of D.R. Horton, Inc. (NYSE:DHI)

Csenge Advisory Group trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,711 shares of the construction company’s stock after selling 78 shares during the period. Csenge Advisory Group’s holdings in D.R. Horton were worth $446,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DHI. Norges Bank bought a new stake in D.R. Horton during the fourth quarter valued at about $516,530,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in D.R. Horton by 62.4% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company’s stock valued at $207,864,000 after acquiring an additional 525,705 shares during the period. Pacer Advisors Inc. boosted its holdings in D.R. Horton by 21.7% during the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock valued at $412,503,000 after acquiring an additional 484,058 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in D.R. Horton by 295.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,992 shares of the construction company’s stock valued at $89,678,000 after acquiring an additional 407,076 shares during the period. Finally, Panagora Asset Management Inc. boosted its holdings in D.R. Horton by 1,719.1% during the fourth quarter. Panagora Asset Management Inc. now owns 429,445 shares of the construction company’s stock valued at $65,267,000 after acquiring an additional 405,838 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 363 shares of the company’s 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 completion of the transaction, the director now directly owns 5,650 shares in the company, valued at $838,799. 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 the company’s 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 completion of the transaction, the director now directly owns 5,650 shares in the company, valued at $838,799. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael R. Buchanan sold 2,000 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the completion of the sale, the director now owns 1,703 shares of the company’s stock, valued at $256,642.10. The disclosure for this sale can be found here. Company insiders own 1.74% of the company’s stock.

Wall Street Analyst Weigh In

DHI has been the subject of a number of research analyst reports. Barclays cut their price objective on shares of D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Wedbush reaffirmed an “underperform” rating and set a $130.00 price objective on shares of D.R. Horton in a research report on Thursday, April 18th. Jefferies Financial Group upped their price objective on shares of D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research report on Friday, April 19th. BTIG Research cut their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Finally, Citigroup lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their price objective for the company from $181.00 to $156.00 in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, D.R. Horton presently has an average rating of “Hold” and a consensus price target of $156.75.

D.R. Horton Price Performance

NYSE DHI traded up $9.26 on Thursday, hitting $148.85. 2,744,617 shares of the company’s stock were exchanged, compared to its average volume of 2,453,321. The stock has a 50-day moving average of $143.78 and a 200-day moving average of $147.86. 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 52 week low of $100.08 and a 52 week high of $165.75. The stock has a market cap of $49.02 billion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 0.68 and a beta of 1.71.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same period in the prior year, the company earned $2.73 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Analysts expect that D.R. Horton, Inc. will post 14.25 earnings per share for the current year.

D.R. Horton Dividend Announcement

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

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.