CenterBook Partners LP Purchases Shares of 5,911 D.R. Horton, Inc. $DHI

CenterBook Partners LP acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the third quarter, HoldingsChannel reports. The institutional investor acquired 5,911 shares of the construction company’s stock, valued at approximately $1,002,000.

Several other large investors have also modified their holdings of the stock. Concord Wealth Partners acquired a new stake in D.R. Horton during the 3rd quarter worth $25,000. Canton Hathaway LLC acquired a new stake in shares of D.R. Horton during the third quarter worth about $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of D.R. Horton in the 3rd quarter valued at about $27,000. Westfuller Advisors LLC acquired a new stake in shares of D.R. Horton in the 3rd quarter valued at about $34,000. Finally, Westside Investment Management Inc. grew its stake in D.R. Horton by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 206 shares of the construction company’s stock worth $36,000 after buying an additional 103 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Transactions at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the sale, the senior vice president directly owned 6,457 shares of the company’s stock, valued at $1,081,870.35. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.66% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI opened at $164.15 on Friday. The stock has a market capitalization of $47.55 billion, a P/E ratio of 14.91, a P/E/G ratio of 2.53 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The company’s fifty day moving average is $153.71 and its two-hundred day moving average is $157.58.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The business had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the previous year, the firm earned $2.61 earnings per share. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s payout ratio is currently 16.35%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada boosted their price objective on D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research note on Wednesday, October 29th. Argus upped their price target on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. BTIG Research set a $182.00 price target on shares of D.R. Horton in a research note on Wednesday, January 21st. Evercore lifted their price objective on shares of D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a research note on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and an average price target of $160.29.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.