Blair William & Co. IL Increases Stock Position in D.R. Horton, Inc. $DHI

Blair William & Co. IL increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 10.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,356 shares of the construction company’s stock after purchasing an additional 3,703 shares during the period. Blair William & Co. IL’s holdings in D.R. Horton were worth $6,670,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DHI. Integrated Wealth Concepts LLC boosted its stake in shares of D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after buying an additional 803 shares during the period. Geneos Wealth Management Inc. increased its position in D.R. Horton by 295.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after acquiring an additional 455 shares during the period. Sivia Capital Partners LLC purchased a new stake in D.R. Horton during the 2nd quarter valued at approximately $302,000. Vestmark Advisory Solutions Inc. acquired a new stake in D.R. Horton during the 2nd quarter worth approximately $272,000. Finally, Penserra Capital Management LLC lifted its position in D.R. Horton by 10.4% during the 2nd quarter. Penserra Capital Management LLC now owns 5,615 shares of the construction company’s stock worth $722,000 after acquiring an additional 527 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

D.R. Horton stock opened at $145.27 on Wednesday. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The company has a market capitalization of $42.09 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 2.28 and a beta of 1.43. The stock has a fifty day moving average of $155.15 and a two-hundred day moving average of $156.97. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The business had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the business posted $2.61 earnings per share. The company’s revenue was down 9.5% on a year-over-year basis. On average, analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

Insider Transactions at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the transaction, the senior vice president directly owned 6,457 shares of the company’s stock, valued at $1,081,870.35. The trade was a 3.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DHI. Argus upped their price objective on shares of D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Citigroup lowered their target price on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Bank of America set a $158.00 price target on shares of D.R. Horton in a report on Wednesday, January 21st. Keefe, Bruyette & Woods restated a “reduce” rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Finally, Zacks Research cut D.R. Horton from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $159.93.

D.R. Horton Company 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.