Koshinski Asset Management Inc. raised its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,411 shares of the construction company’s stock after purchasing an additional 604 shares during the quarter. Koshinski Asset Management Inc.’s holdings in D.R. Horton were worth $1,613,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership acquired a new position in shares of D.R. Horton in the 3rd quarter valued at about $779,000. Nuveen Asset Management LLC lifted its holdings in shares of D.R. Horton by 23.7% in the 3rd quarter. Nuveen Asset Management LLC now owns 2,414,502 shares of the construction company’s stock valued at $182,609,000 after buying an additional 463,358 shares during the period. Eudaimonia Partners LLC acquired a new position in shares of D.R. Horton in the 3rd quarter valued at about $369,000. State of Tennessee Treasury Department lifted its holdings in shares of D.R. Horton by 19.1% in the 3rd quarter. State of Tennessee Treasury Department now owns 119,896 shares of the construction company’s stock valued at $9,068,000 after buying an additional 19,268 shares during the period. Finally, Point72 Asset Management L.P. lifted its holdings in shares of D.R. Horton by 5.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 117,000 shares of the construction company’s stock valued at $8,849,000 after buying an additional 5,673 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.
Several equities analysts have recently issued reports on the company. Raymond James boosted their price objective on D.R. Horton from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, January 25th. Wolfe Research assumed coverage on D.R. Horton in a report on Monday, March 22nd. They issued an “outperform” rating and a $94.00 price target for the company. KeyCorp upped their price target on D.R. Horton from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, March 31st. JPMorgan Chase & Co. raised D.R. Horton from a “neutral” rating to an “overweight” rating in a report on Wednesday, March 17th. Finally, Janney Montgomery Scott assumed coverage on D.R. Horton in a report on Thursday, January 21st. They issued a “neutral” rating for the company. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $85.95.
In other news, Director Michael R. Buchanan sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 17th. The stock was sold at an average price of $82.94, for a total value of $248,820.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael W. Hewatt sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 23rd. The shares were sold at an average price of $85.30, for a total value of $426,500.00. Following the completion of the sale, the director now owns 10,342 shares of the company’s stock, valued at $882,172.60. The disclosure for this sale can be found here. Insiders sold 18,419 shares of company stock valued at $1,499,876 over the last 90 days. Company insiders own 0.46% of the company’s stock.
Shares of D.R. Horton stock opened at $92.17 on Thursday. The business has a 50 day simple moving average of $82.74 and a two-hundred day simple moving average of $75.81. D.R. Horton, Inc. has a 12 month low of $36.79 and a 12 month high of $94.20. The stock has a market capitalization of $33.52 billion, a P/E ratio of 14.36, a PEG ratio of 0.67 and a beta of 1.70. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.70 and a quick ratio of 1.82.
D.R. Horton (NYSE:DHI) last announced its earnings results on Monday, January 25th. The construction company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.42. The business had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $5.57 billion. D.R. Horton had a return on equity of 20.67% and a net margin of 11.69%. The business’s revenue was up 47.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.16 earnings per share. As a group, research analysts anticipate that D.R. Horton, Inc. will post 8.02 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 25th. Stockholders of record on Wednesday, February 17th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, February 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.87%. D.R. Horton’s dividend payout ratio (DPR) is presently 12.99%.
About D.R. Horton
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 29 states and 88 markets under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, and Freedom Homes.
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