D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 252.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,385 shares of the construction company’s stock after acquiring an additional 11,731 shares during the quarter. Cerity Partners LLC’s holdings in D.R. Horton were worth $2,490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DHI. Fairfield Bush & CO. acquired a new position in D.R. Horton in the first quarter valued at $28,000. American Century Companies Inc. increased its holdings in D.R. Horton by 13.9% in the first quarter. American Century Companies Inc. now owns 22,684 shares of the construction company’s stock valued at $1,690,000 after buying an additional 2,771 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in D.R. Horton by 10.7% in the first quarter. Panagora Asset Management Inc. now owns 10,075 shares of the construction company’s stock valued at $751,000 after buying an additional 973 shares during the last quarter. Sei Investments Co. increased its holdings in D.R. Horton by 21.1% in the first quarter. Sei Investments Co. now owns 300,024 shares of the construction company’s stock valued at $22,425,000 after buying an additional 52,320 shares during the last quarter. Finally, Prudential PLC bought a new stake in D.R. Horton in the first quarter valued at about $560,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

DHI opened at $145.91 on Friday. The company has a market capitalization of $48.42 billion, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.56 and a quick ratio of 1.20. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75. The business has a 50 day moving average price of $151.97 and a two-hundred day moving average price of $138.42.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.43. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.73 earnings per share. Research analysts predict that D.R. Horton, Inc. will post 14.24 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.82%. D.R. Horton’s dividend payout ratio is currently 8.63%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction on 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 owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction on 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 owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the sale, the director now directly owns 5,650 shares in the company, valued at $844,053.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,197 shares of company stock valued at $4,225,745. Corporate insiders own 1.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DHI. BTIG Research lowered their price objective on D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a report on Tuesday. Barclays lifted their target price on D.R. Horton from $166.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Wedbush restated an “underperform” rating and issued a $130.00 target price on shares of D.R. Horton in a research note on Thursday. Citigroup lifted their target price on D.R. Horton from $166.00 to $191.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Royal Bank of Canada lifted their target price on D.R. Horton from $116.00 to $142.00 and gave the company an “underperform” rating in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $154.00.

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.