AIA Group Ltd Acquires 13,125 Shares of D.R. Horton, Inc. $DHI

AIA Group Ltd grew its holdings in D.R. Horton, Inc. (NYSE:DHI) by 139.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,511 shares of the construction company’s stock after purchasing an additional 13,125 shares during the quarter. AIA Group Ltd’s holdings in D.R. Horton were worth $3,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Capital World Investors increased its holdings in D.R. Horton by 159.8% in the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after purchasing an additional 18,607,545 shares in the last quarter. Norges Bank bought a new position in shares of D.R. Horton during the 2nd quarter worth approximately $494,278,000. Capital International Investors acquired a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $395,179,000. Boston Partners acquired a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $274,784,000. Finally, Berkshire Hathaway Inc bought a new stake in shares of D.R. Horton in the 2nd quarter valued at $191,491,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Citizens Jmp reaffirmed a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Zacks Research downgraded D.R. Horton from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $195.00 target price on shares of D.R. Horton in a research report on Tuesday, January 13th. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $159.93.

Insider Activity at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the 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 represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.66% of the stock is currently owned by company insiders.

D.R. Horton Stock Up 0.6%

D.R. Horton stock opened at $138.09 on Friday. The firm has a market capitalization of $40.01 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 2.12 and a beta of 1.43. The firm’s fifty day moving average price is $154.58 and its two-hundred day moving average price is $155.74. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping 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 company had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the previous year, the firm posted $2.61 earnings per share. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s payout ratio is currently 16.35%.

D.R. Horton Profile

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.