Hook Mill Capital Partners LP Has $4.71 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Hook Mill Capital Partners LP lowered its stake in D.R. Horton, Inc. (NYSE:DHI) by 37.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 52,629 shares of the construction company’s stock after selling 32,102 shares during the period. D.R. Horton makes up 3.5% of Hook Mill Capital Partners LP’s portfolio, making the stock its 13th largest holding. Hook Mill Capital Partners LP’s holdings in D.R. Horton were worth $4,705,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. KB Financial Partners LLC acquired a new stake in D.R. Horton during the 1st quarter worth approximately $537,000. Mercer Global Advisors Inc. ADV lifted its holdings in shares of D.R. Horton by 46.9% during the first quarter. Mercer Global Advisors Inc. ADV now owns 226,451 shares of the construction company’s stock worth $22,122,000 after buying an additional 72,307 shares in the last quarter. M Holdings Securities Inc. acquired a new position in shares of D.R. Horton in the first quarter valued at about $204,000. Atlas Capital Advisors LLC increased its position in D.R. Horton by 6.9% during the first quarter. Atlas Capital Advisors LLC now owns 5,440 shares of the construction company’s stock worth $531,000 after acquiring an additional 350 shares during the period. Finally, Colony Group LLC raised its stake in D.R. Horton by 7.0% in the 1st quarter. Colony Group LLC now owns 16,740 shares of the construction company’s stock worth $1,635,000 after purchasing an additional 1,097 shares in the last quarter. Institutional investors own 82.12% of the company’s stock.

Insiders Place Their Bets

In other D.R. Horton news, Director Michael R. Buchanan sold 1,639 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $127.03, for a total transaction of $208,202.17. Following the transaction, the director now directly owns 470 shares in the company, valued at approximately $59,704.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other D.R. Horton news, Director Michael R. Buchanan sold 1,639 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $127.03, for a total value of $208,202.17. Following the transaction, the director now directly owns 470 shares in the company, valued at $59,704.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Bill W. Wheat sold 32,000 shares of the company’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $117.81, for a total value of $3,769,920.00. Following the transaction, the chief financial officer now directly owns 219,115 shares in the company, valued at approximately $25,813,938.15. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

D.R. Horton Price Performance

DHI stock opened at $114.64 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 6.97 and a debt-to-equity ratio of 0.28. The company’s fifty day simple moving average is $122.08 and its 200 day simple moving average is $111.36. D.R. Horton, Inc. has a 12-month low of $66.01 and a 12-month high of $132.30. The firm has a market cap of $38.78 billion, a price-to-earnings ratio of 8.15, a PEG ratio of 0.48 and a beta of 1.55.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, July 20th. The construction company reported $3.90 EPS for the quarter, beating the consensus estimate of $2.82 by $1.08. The company had revenue of $9.73 billion for the quarter, compared to analyst estimates of $8.27 billion. D.R. Horton had a return on equity of 23.31% and a net margin of 14.07%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.67 EPS. On average, analysts expect that D.R. Horton, Inc. will post 13.27 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Friday, August 4th. D.R. Horton’s payout ratio is presently 7.11%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Raymond James raised shares of D.R. Horton from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a report on Monday, July 24th. BTIG Research upped their target price on D.R. Horton from $139.00 to $164.00 and gave the company a “buy” rating in a research report on Friday, July 21st. JPMorgan Chase & Co. raised their price target on D.R. Horton from $122.00 to $146.00 and gave the stock a “neutral” rating in a research report on Friday, July 21st. StockNews.com initiated coverage on shares of D.R. Horton in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $120.00 price target on shares of D.R. Horton in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, D.R. Horton currently has an average rating of “Moderate Buy” and an average price target of $135.00.

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 106 markets across 33 states under the names of D.R.