D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Strs Ohio

Strs Ohio cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,432 shares of the construction company’s stock after selling 4,567 shares during the quarter. Strs Ohio’s holdings in D.R. Horton were worth $11,920,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of DHI. Clear Street Markets LLC purchased a new position in D.R. Horton in the 4th quarter valued at about $28,000. Fairfield Bush & CO. acquired a new stake in D.R. Horton during the 1st quarter valued at approximately $28,000. Mascoma Wealth Management LLC increased its holdings in D.R. Horton by 345.6% during the 3rd quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock worth $33,000 after purchasing an additional 235 shares during the last quarter. BluePath Capital Management LLC purchased a new position in shares of D.R. Horton during the 3rd quarter valued at approximately $33,000. Finally, First Pacific Financial acquired a new stake in shares of D.R. Horton during the third quarter worth approximately $41,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DHI shares. BTIG Research cut their price target on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday. JMP Securities upped their target price on shares of D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 24th. Royal Bank of Canada lifted their price target on D.R. Horton from $116.00 to $142.00 and gave the stock an “underperform” rating in a research note on Monday, January 22nd. Raymond James upped their price objective on D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Keefe, Bruyette & Woods reduced their target price on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $154.00.

D.R. Horton Price Performance

NYSE DHI opened at $145.74 on Thursday. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $165.75. The business’s fifty day moving average is $151.94 and its two-hundred day moving average is $138.37. The stock has a market capitalization of $48.36 billion, a P/E ratio of 10.48, a P/E/G ratio of 0.74 and a beta of 1.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 23rd. The construction company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.88 by ($0.06). D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The firm had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.55 billion. During the same period last year, the business earned $2.76 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. On average, research analysts forecast that D.R. Horton, Inc. will post 14.24 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.20 annualized dividend and a yield of 0.82%. D.R. Horton’s dividend payout ratio is presently 8.63%.

Insiders Place Their Bets

In other news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the transaction, the insider now directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the sale, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were 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 directly owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The disclosure for this sale can be found here. Insiders sold a total of 27,197 shares of company stock worth $4,225,745 in the last quarter. 1.74% of the stock is currently owned by corporate insiders.

D.R. Horton Company Profile

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.