D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC cut its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 10.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 18,290 shares of the construction company’s stock after selling 2,198 shares during the period. Advisory Services Network LLC’s holdings in D.R. Horton were worth $2,780,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of D.R. Horton during the 4th quarter worth $516,530,000. Pacer Advisors Inc. raised its position in D.R. Horton by 21.7% during the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after acquiring an additional 484,058 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of D.R. Horton by 1,357.4% in the third quarter. Acadian Asset Management LLC now owns 490,043 shares of the construction company’s stock valued at $52,652,000 after purchasing an additional 456,419 shares in the last quarter. Panagora Asset Management Inc. grew its position in shares of D.R. Horton by 1,719.1% in the fourth quarter. Panagora Asset Management Inc. now owns 429,445 shares of the construction company’s stock valued at $65,267,000 after purchasing an additional 405,838 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of D.R. Horton by 150.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 571,051 shares of the construction company’s stock worth $61,371,000 after purchasing an additional 342,884 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $144.62 on Monday. The business’s fifty day moving average price is $151.44 and its 200 day moving average price is $146.35. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $165.75. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $47.62 billion, a P/E ratio of 9.84, a PEG ratio of 0.72 and a beta of 1.66.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data 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 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 company’s revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.73 EPS. As a group, research analysts anticipate that D.R. Horton, Inc. will post 14.26 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Wednesday, May 1st. D.R. Horton’s dividend payout ratio is presently 8.17%.

Insider Activity at D.R. Horton

In related news, insider David V. Auld sold 25,000 shares of the 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 completion of the sale, the insider now directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Barbara K. Allen sold 363 shares of D.R. Horton stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the sale, the director now owns 5,650 shares of the company’s stock, valued at approximately $838,799. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,812 shares of company stock worth $4,330,617. 1.74% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Citigroup lowered their target price on D.R. Horton from $191.00 to $181.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Wedbush reissued an “underperform” rating and issued a $130.00 target price on shares of D.R. Horton in a research note on Thursday, April 18th. Jefferies Financial Group upped their target price on shares of D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a report on Friday, April 19th. Keefe, Bruyette & Woods lifted their price target on shares of D.R. Horton from $172.00 to $178.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Finally, Barclays reduced their price objective on shares of D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Two equities 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.82.

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.