Elo Mutual Pension Insurance Co Purchases 890 Shares of D.R. Horton, Inc. (NYSE:DHI)

Elo Mutual Pension Insurance Co lifted its position in shares of D.R. Horton, Inc. (NYSE:DHIFree Report) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,582 shares of the construction company’s stock after buying an additional 890 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in D.R. Horton were worth $4,040,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DHI. Greenhaven Associates Inc. boosted its position in D.R. Horton by 1.0% during the fourth quarter. Greenhaven Associates Inc. now owns 3,547,948 shares of the construction company’s stock valued at $539,217,000 after purchasing an additional 34,366 shares in the last quarter. Norges Bank bought a new stake in D.R. Horton during the fourth quarter valued at about $516,530,000. Northern Trust Corp boosted its position in D.R. Horton by 3.2% during the third quarter. Northern Trust Corp now owns 3,389,414 shares of the construction company’s stock valued at $364,260,000 after purchasing an additional 104,453 shares in the last quarter. Morgan Stanley boosted its position in D.R. Horton by 3.4% during the third quarter. Morgan Stanley now owns 3,254,275 shares of the construction company’s stock valued at $349,737,000 after purchasing an additional 106,074 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in D.R. Horton by 21.7% during the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock valued at $412,503,000 after purchasing an additional 484,058 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 1.4 %

Shares of DHI stock opened at $142.23 on Tuesday. The stock has a 50 day moving average of $147.92 and a 200 day moving average of $147.75. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The stock has a market cap of $46.84 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.70 and a beta of 1.68. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $165.75.

D.R. Horton (NYSE:DHIGet Free Report) last announced its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.44. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. D.R. Horton’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the business earned $2.73 earnings per share. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 14.26 EPS for the current year.

D.R. Horton Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently weighed in on DHI. UBS Group raised their price objective on D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Barclays lowered their price target on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Citigroup lowered their price target on D.R. Horton from $191.00 to $181.00 and set a “buy” rating for the company in a report on Friday, May 17th. Keefe, Bruyette & Woods raised their price target on D.R. Horton from $172.00 to $178.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Finally, Wedbush reissued an “underperform” rating and issued a $130.00 price target on shares of D.R. Horton in a report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.31.

Get Our Latest Stock Report on D.R. Horton

Insider Activity

In other news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the sale, the insider now directly owns 773,121 shares in the company, valued at $120,862,005.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Michael R. Buchanan sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the completion of the sale, the director now directly owns 1,703 shares in the company, valued at $256,642.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The disclosure for this sale can be found here. Insiders sold 27,812 shares of company stock worth $4,330,617 over the last three months. 1.74% of the stock is currently owned by corporate insiders.

D.R. Horton 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

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

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