ASR Vermogensbeheer N.V. Invests $538,000 in D.R. Horton, Inc. (NYSE:DHI)

ASR Vermogensbeheer N.V. acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,234 shares of the construction company’s stock, valued at approximately $538,000.

Several other large investors have also modified their holdings of DHI. Olde Wealth Management LLC purchased a new position in shares of D.R. Horton during the 1st quarter worth about $26,000. Bayforest Capital Ltd raised its holdings in D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after buying an additional 194 shares during the period. Itau Unibanco Holding S.A. purchased a new position in D.R. Horton in the fourth quarter valued at approximately $43,000. Alpine Bank Wealth Management purchased a new position in D.R. Horton in the first quarter valued at approximately $61,000. Finally, Continuum Advisory LLC raised its holdings in D.R. Horton by 25.8% in the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company’s stock valued at $68,000 after buying an additional 100 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Michael R. Buchanan sold 2,150 shares of the business’s stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the transaction, the director owned 2,193 shares of the company’s stock, valued at approximately $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

D.R. Horton Stock Up 1.6%

DHI stock opened at $156.35 on Friday. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $46.61 billion, a P/E ratio of 12.54, a PEG ratio of 3.32 and a beta of 1.34. The firm has a 50 day simple moving average of $134.10 and a 200-day simple moving average of $129.61.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.46. The firm had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The firm’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.10 earnings per share. On average, equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. D.R. Horton’s payout ratio is 12.83%.

Wall Street Analyst Weigh In

DHI has been the topic of several research reports. Wall Street Zen upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. BTIG Research cut their price target on shares of D.R. Horton from $171.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Wedbush raised their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada raised their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the company an “underperform” rating in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of D.R. Horton from $132.00 to $111.00 and set an “underweight” rating on the stock in a report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average price target of $153.23.

D.R. Horton 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.