D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Xponance Inc.

Xponance Inc. raised its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,999 shares of the construction company’s stock after purchasing an additional 831 shares during the quarter. Xponance Inc.’s holdings in D.R. Horton were worth $5,775,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DHI. Moneta Group Investment Advisors LLC grew its stake in D.R. Horton by 101,707.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,368,566 shares of the construction company’s stock valued at $389,414,000 after purchasing an additional 4,364,275 shares in the last quarter. Norges Bank acquired a new position in shares of D.R. Horton in the 4th quarter worth approximately $247,001,000. Invesco Ltd. grew its position in shares of D.R. Horton by 17.0% in the 1st quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock worth $355,538,000 after acquiring an additional 694,155 shares in the last quarter. Los Angeles Capital Management LLC grew its position in shares of D.R. Horton by 390.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock worth $79,884,000 after acquiring an additional 591,787 shares in the last quarter. Finally, Penn Capital Management Company LLC acquired a new position in shares of D.R. Horton in the 1st quarter worth approximately $48,142,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Down 2.5 %

NYSE:DHI opened at $142.19 on Friday. The firm has a market capitalization of $47.18 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 0.72 and a beta of 1.64. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75. The company has a current ratio of 7.35, a quick ratio of 1.20 and a debt-to-equity ratio of 0.24. The business’s fifty day moving average price is $151.91 and its 200 day moving average price is $138.67.

D.R. Horton (NYSE:DHI) last posted 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 firm had revenue of $9.11 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm earned $2.73 earnings per share. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 14.23 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.84%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s payout ratio is currently 8.17%.

Analyst Ratings Changes

Several research analysts have recently commented on DHI shares. Wedbush reiterated an “underperform” rating and issued a $130.00 target price on shares of D.R. Horton in a research report on Thursday. BTIG Research reduced their price target on D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research report on Tuesday. Bank of America reduced their price target on D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a research report on Friday. The Goldman Sachs Group boosted their price target on D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Jefferies Financial Group boosted their price target on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.06.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $809,419. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $809,419. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The disclosure for this sale can be found here. Insiders have sold a total of 27,197 shares of company stock valued at $4,225,745 in the last three months. Insiders own 1.74% of the company’s stock.

About D.R. Horton

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.