Machina Capital S.A.S. Cuts Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Machina Capital S.A.S. lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 60.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,310 shares of the construction company’s stock after selling 6,723 shares during the quarter. Machina Capital S.A.S.’s holdings in D.R. Horton were worth $655,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Maryland State Retirement & Pension System raised its stake in shares of D.R. Horton by 1.9% during the fourth quarter. Maryland State Retirement & Pension System now owns 24,214 shares of the construction company’s stock worth $3,680,000 after purchasing an additional 453 shares during the last quarter. Summit Trail Advisors LLC purchased a new stake in shares of D.R. Horton during the fourth quarter worth approximately $233,000. Spire Wealth Management raised its stake in shares of D.R. Horton by 282.6% during the fourth quarter. Spire Wealth Management now owns 2,778 shares of the construction company’s stock worth $431,000 after purchasing an additional 2,052 shares during the last quarter. TCI Wealth Advisors Inc. purchased a new stake in shares of D.R. Horton during the fourth quarter worth approximately $217,000. Finally, TCG Advisory Services LLC raised its stake in shares of D.R. Horton by 16.2% during the fourth quarter. TCG Advisory Services LLC now owns 49,700 shares of the construction company’s stock worth $7,553,000 after purchasing an additional 6,919 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the subject of several analyst reports. Barclays cut their price target on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Keefe, Bruyette & Woods dropped their price objective 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. Citigroup upped their price objective on D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a report on Friday, April 5th. UBS Group upped their price objective on D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Finally, Wedbush reaffirmed an “underperform” rating and set a $130.00 price objective 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 issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, D.R. Horton presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.06.

D.R. Horton Price Performance

Shares of DHI traded up $2.78 during trading hours on Monday, reaching $151.26. 1,548,154 shares of the company traded hands, compared to its average volume of 2,539,013. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $49.81 billion, a PE ratio of 10.30, a price-to-earnings-growth ratio of 0.73 and a beta of 1.66. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $165.75. The stock has a fifty day simple moving average of $152.20 and a 200 day simple moving average of $142.36.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. The business 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%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.73 earnings per share. As a group, research analysts predict that D.R. Horton, Inc. will post 14.31 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 annualized dividend and a yield of 0.79%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Insider Buying and Selling

In related news, insider David V. Auld sold 25,000 shares of the 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 transaction, 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 is accessible through this link. 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 value 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 document filed with the SEC, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the transaction, the director now owns 5,650 shares in the company, valued at $838,799. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,812 shares of company stock worth $4,330,617. 1.74% of the stock is owned by company insiders.

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.