Elo Mutual Pension Insurance Co Has $6.23 Million Position in D.R. Horton, Inc. $DHI

Elo Mutual Pension Insurance Co raised its position in D.R. Horton, Inc. (NYSE:DHI) by 55.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,733 shares of the construction company’s stock after buying an additional 13,035 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in D.R. Horton were worth $6,225,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. WASHINGTON TRUST Co acquired a new position in shares of D.R. Horton in the third quarter valued at about $229,000. Journey Strategic Wealth LLC boosted its holdings in D.R. Horton by 10.1% in the 3rd quarter. Journey Strategic Wealth LLC now owns 2,281 shares of the construction company’s stock valued at $387,000 after purchasing an additional 209 shares during the period. Finemark National Bank & Trust acquired a new position in shares of D.R. Horton during the 3rd quarter worth approximately $225,000. Arete Wealth Advisors LLC bought a new position in shares of D.R. Horton during the third quarter worth approximately $946,000. Finally, Sierra Summit Advisors LLC raised its position in shares of D.R. Horton by 0.4% in the third quarter. Sierra Summit Advisors LLC now owns 53,569 shares of the construction company’s stock valued at $9,078,000 after buying an additional 187 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

D.R. Horton stock opened at $154.49 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. The stock has a market cap of $44.76 billion, a PE ratio of 14.03, a P/E/G ratio of 2.48 and a beta of 1.43. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54. The business’s 50-day moving average price is $154.74 and its two-hundred day moving average price is $157.67.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. The firm had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.61 earnings per share. As a group, analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s payout ratio is presently 16.35%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DHI. Wells Fargo & Company restated an “equal weight” rating and set a $155.00 price objective (down from $180.00) on shares of D.R. Horton in a research note on Tuesday, January 6th. Citigroup reduced their target price on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Evercore increased their price objective on shares of D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 21st. Finally, Barclays dropped their target price on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $160.29.

Insider Activity

In other news, SVP Aron M. Odom sold 260 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the transaction, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.66% of the company’s stock.

D.R. Horton Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.