Clarius Group LLC increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) by 32.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,595 shares of the construction company’s stock after buying an additional 631 shares during the quarter. Clarius Group LLC’s holdings in D.R. Horton were worth $363,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DHI. Coastline Trust Co acquired a new stake in shares of D.R. Horton during the third quarter worth about $26,000. Rakuten Securities Inc. raised its holdings in shares of D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after acquiring an additional 117 shares during the period. Rosenberg Matthew Hamilton lifted its position in D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after acquiring an additional 165 shares in the last quarter. Wolff Wiese Magana LLC boosted its stake in D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after purchasing an additional 196 shares during the period. Finally, Grove Bank & Trust raised its stake in shares of D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after purchasing an additional 93 shares during the period. 90.63% of the stock is currently owned by institutional investors.
Insider Buying and Selling at D.R. Horton
In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.
D.R. Horton Trading Up 0.8 %
D.R. Horton (NYSE:DHI – Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business’s revenue was down 4.7% on a year-over-year basis. During the same period last year, the company posted $4.45 EPS. Analysts predict that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.
D.R. Horton Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 1.08%. D.R. Horton’s dividend payout ratio (DPR) is 11.14%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Friday. Wells Fargo & Company lowered their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Finally, UBS Group decreased their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $176.20.
View Our Latest Report on D.R. Horton
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.
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