Atika Capital Management LLC Makes New $7.46 Million Investment in D.R. Horton, Inc. $DHI

Atika Capital Management LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 44,000 shares of the construction company’s stock, valued at approximately $7,457,000.

Other large investors also recently bought and sold shares of the company. Capital World Investors raised its stake in shares of D.R. Horton by 159.8% during the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after buying an additional 18,607,545 shares during the period. Norges Bank purchased a new stake in D.R. Horton in the 2nd quarter worth $494,278,000. Capital International Investors acquired a new position in D.R. Horton during the third quarter worth $395,179,000. Berkshire Hathaway Inc purchased a new position in D.R. Horton during the second quarter valued at $191,491,000. Finally, Viking Global Investors LP lifted its holdings in D.R. Horton by 108.3% during the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after purchasing an additional 1,469,978 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the subject of a number of research reports. BTIG Research set a $182.00 target price on shares of D.R. Horton in a research note on Wednesday, January 21st. Evercore lifted their price objective on D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a report on Wednesday, January 21st. Argus boosted their price objective on D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Citizens Jmp reissued a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. Finally, Truist Financial set a $155.00 target price on D.R. Horton and gave the company a “hold” rating in a research report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and an average target price of $159.93.

Insider Buying and Selling

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were 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 in the company, 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 through the SEC website. 0.66% of the stock is owned by company insiders.

D.R. Horton Stock Performance

NYSE DHI opened at $142.63 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. The stock’s fifty day moving average is $155.12 and its two-hundred day moving average is $156.87. The firm has a market capitalization of $41.32 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 2.24 and a beta of 1.43. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54.

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

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is presently 16.35%.

About D.R. Horton

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.