Pinnacle Associates Ltd. Buys Shares of 2,864 D.R. Horton, Inc. (NYSE:DHI)

Pinnacle Associates Ltd. bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHIFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,864 shares of the construction company’s stock, valued at approximately $435,000.

Several other hedge funds have also bought and sold shares of DHI. Mascoma Wealth Management LLC lifted its holdings in shares of D.R. Horton by 345.6% in the 3rd quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock worth $33,000 after acquiring an additional 235 shares during the last quarter. BluePath Capital Management LLC bought a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $33,000. Clear Street Markets LLC bought a new stake in shares of D.R. Horton in the 4th quarter worth approximately $28,000. Fairfield Bush & CO. bought a new stake in shares of D.R. Horton in the 1st quarter worth approximately $28,000. Finally, First Pacific Financial bought a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $41,000. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wedbush lowered shares of D.R. Horton from a “neutral” rating to an “underperform” rating and set a $130.00 price objective for the company. in a report on Tuesday. Royal Bank of Canada boosted their price objective on shares of D.R. Horton from $116.00 to $142.00 and gave the stock an “underperform” rating in a report on Monday, January 22nd. The Goldman Sachs Group lifted their target price on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. JMP Securities lifted their target price on shares of D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 24th. Finally, Seaport Res Ptn downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $149.53.

Get Our Latest Stock Analysis on D.R. Horton

Insider Activity

In other news, Director Barbara K. Allen sold 1,748 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the sale, the director now owns 5,650 shares in the company, valued at approximately $809,419. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Barbara K. Allen sold 1,748 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the sale, the director now owns 5,650 shares in the company, valued at approximately $809,419. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the sale, 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. In the last 90 days, insiders have sold 27,197 shares of company stock worth $4,225,745. Corporate insiders own 1.74% of the company’s stock.

D.R. Horton Stock Up 1.4 %

Shares of D.R. Horton stock opened at $157.82 on Thursday. The company has a current ratio of 6.56, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The company’s fifty day simple moving average is $149.86 and its two-hundred day simple moving average is $135.25. The company has a market cap of $52.37 billion, a P/E ratio of 11.35, a PEG ratio of 0.92 and a beta of 1.64. D.R. Horton, Inc. has a 12-month low of $94.22 and a 12-month high of $165.75.

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

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Monday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is presently 8.63%.

D.R. Horton 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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