KBC Group NV Acquires 3,134 Shares of D.R. Horton, Inc. (NYSE:DHI)

KBC Group NV lifted its stake in D.R. Horton, Inc. (NYSE:DHIFree Report) by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,258 shares of the construction company’s stock after buying an additional 3,134 shares during the period. KBC Group NV’s holdings in D.R. Horton were worth $3,534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oakworth Capital Inc. bought a new stake in D.R. Horton in the fourth quarter valued at approximately $38,000. Private Wealth Management Group LLC bought a new stake in D.R. Horton during the 4th quarter valued at $42,000. Friedenthal Financial purchased a new stake in D.R. Horton during the 4th quarter valued at $47,000. AdvisorNet Financial Inc grew its holdings in D.R. Horton by 81.8% in the 4th quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock worth $55,000 after acquiring an additional 162 shares during the last quarter. Finally, EdgeRock Capital LLC purchased a new position in shares of D.R. Horton in the fourth quarter valued at about $55,000. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Citigroup cut their target price on D.R. Horton from $191.00 to $181.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. BTIG Research cut their price objective on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. Jefferies Financial Group boosted their target price on D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Wedbush reaffirmed an “underperform” rating and issued a $130.00 price target on shares of D.R. Horton in a research note on Thursday, April 18th. Finally, Barclays reduced their price objective on shares of D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $158.31.

Check Out Our Latest Analysis on DHI

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 363 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the sale, the director now owns 5,650 shares in the company, valued at $838,799. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $838,799. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at $844,053.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,812 shares of company stock valued at $4,330,617. Insiders own 1.74% of the company’s stock.

D.R. Horton Price Performance

DHI stock opened at $143.70 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The firm has a 50 day moving average price of $148.80 and a 200-day moving average price of $147.27. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $165.75. The firm has a market capitalization of $47.32 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.71 and a beta of 1.68.

D.R. Horton (NYSE:DHIGet Free Report) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same quarter in the previous year, the business earned $2.73 earnings per share. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. Equities research analysts forecast that D.R. Horton, Inc. will post 14.26 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.84%. D.R. Horton’s dividend payout ratio is currently 8.17%.

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.

See Also

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

Receive News & Ratings for D.R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D.R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.