CHICAGO TRUST Co NA Makes New Investment in D.R. Horton, Inc. (NYSE:DHI)

CHICAGO TRUST Co NA bought a new position in shares of D.R. Horton, Inc. (NYSE:DHIFree Report) during the fourth quarter, HoldingsChannel.com reports. The firm bought 1,804 shares of the construction company’s stock, valued at approximately $274,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairfield Bush & CO. purchased a new stake in D.R. Horton during the 1st quarter valued at approximately $28,000. American Century Companies Inc. grew its holdings in D.R. Horton by 13.9% during the 1st quarter. American Century Companies Inc. now owns 22,684 shares of the construction company’s stock valued at $1,690,000 after buying an additional 2,771 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in D.R. Horton by 10.7% during the 1st quarter. Panagora Asset Management Inc. now owns 10,075 shares of the construction company’s stock valued at $751,000 after buying an additional 973 shares in the last quarter. Sei Investments Co. grew its holdings in D.R. Horton by 21.1% during the 1st quarter. Sei Investments Co. now owns 300,024 shares of the construction company’s stock valued at $22,425,000 after buying an additional 52,320 shares in the last quarter. Finally, Prudential PLC purchased a new stake in D.R. Horton during the 1st quarter valued at approximately $560,000. Institutional investors own 90.63% of the company’s stock.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares in the company, valued at $120,862,005.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the transaction, the director now owns 5,650 shares in the company, valued at $809,419. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. Insiders have sold 27,197 shares of company stock worth $4,225,745 over the last quarter. Insiders own 1.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. UBS Group increased their price objective on shares of D.R. Horton from $155.00 to $192.00 in a report on Monday, January 22nd. Seaport Res Ptn lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Wedbush reissued a “neutral” rating and issued a $115.00 target price on shares of D.R. Horton in a report on Tuesday, January 23rd. Keefe, Bruyette & Woods cut their target price on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. Finally, StockNews.com lowered shares of D.R. Horton from a “buy” rating to a “hold” rating in a report on Monday, December 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.65.

Read Our Latest Report on DHI

D.R. Horton Stock Performance

DHI stock opened at $161.82 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.56 and a quick ratio of 1.20. The business has a 50-day moving average price of $148.65 and a 200 day moving average price of $133.00. The company has a market capitalization of $53.70 billion, a P/E ratio of 11.64, a PEG ratio of 0.92 and a beta of 1.64. D.R. Horton, Inc. has a 1-year low of $94.22 and a 1-year high of $162.75.

D.R. Horton (NYSE:DHIGet Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The construction company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.88 by ($0.06). The firm had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.76 earnings per share. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 14.17 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.20 annualized dividend and a yield of 0.74%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.63%.

D.R. Horton Company Profile

(Free Report)

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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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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