Cerity Partners LLC Has $2.49 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Cerity Partners LLC increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 252.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,385 shares of the construction company’s stock after acquiring an additional 11,731 shares during the quarter. Cerity Partners LLC’s holdings in D.R. Horton were worth $2,490,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of D.R. Horton by 1.1% during the first quarter. Vanguard Group Inc. now owns 35,902,967 shares of the construction company’s stock valued at $2,675,130,000 after purchasing an additional 406,429 shares during the last quarter. State Street Corp boosted its stake in D.R. Horton by 3.6% in the first quarter. State Street Corp now owns 13,712,390 shares of the construction company’s stock valued at $1,339,558,000 after acquiring an additional 480,247 shares during the last quarter. Geode Capital Management LLC grew its holdings in D.R. Horton by 0.7% during the 1st quarter. Geode Capital Management LLC now owns 6,515,717 shares of the construction company’s stock worth $635,060,000 after acquiring an additional 45,030 shares during the period. Invesco Ltd. grew its holdings in D.R. Horton by 17.0% during the 1st quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock worth $355,538,000 after acquiring an additional 694,155 shares during the period. Finally, Moneta Group Investment Advisors LLC grew its holdings in D.R. Horton by 101,707.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,368,566 shares of the construction company’s stock worth $389,414,000 after acquiring an additional 4,364,275 shares during the period. 90.63% of the stock is owned by institutional investors.

D.R. Horton Trading Up 0.1 %

Shares of NYSE:DHI opened at $145.91 on Friday. The company’s 50-day moving average price is $151.97 and its two-hundred day moving average price is $138.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.56 and a quick ratio of 1.20. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $165.75. The stock has a market capitalization of $48.42 billion, a PE ratio of 10.50, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.09 by $0.43. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The firm had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. During the same period in the previous year, the firm posted $2.73 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, equities analysts forecast that D.R. Horton, Inc. will post 14.24 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.82%. D.R. Horton’s payout ratio is 8.63%.

Analysts Set New Price Targets

A number of analysts have commented on DHI shares. Citigroup lifted their target price on shares of D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a report on Friday, April 5th. The Goldman Sachs Group boosted their price target on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Raymond James boosted their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Royal Bank of Canada boosted their price target on shares of D.R. Horton from $116.00 to $142.00 and gave the company an “underperform” rating in a report on Monday, January 22nd. Finally, JMP Securities boosted their price target on shares of D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.00.

Insider Activity

In other news, Director Barbara K. Allen sold 1,748 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $809,419. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider David V. Auld sold 25,000 shares of the company’s 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 sale, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 1,748 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at $809,419. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,197 shares of company stock valued at $4,225,745. 1.74% of the stock is owned by company insiders.

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.