Heritage Investors Management Corp Acquires Shares of 4,725 D.R. Horton, Inc. (NYSE:DHI)

Heritage Investors Management Corp bought a new position in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,725 shares of the construction company’s stock, valued at approximately $718,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oakworth Capital Inc. purchased a new stake in D.R. Horton in the 4th quarter valued at approximately $38,000. Silver Oak Securities Incorporated acquired a new position in D.R. Horton during the third quarter worth $43,000. JFS Wealth Advisors LLC raised its position in D.R. Horton by 85.8% in the third quarter. JFS Wealth Advisors LLC now owns 420 shares of the construction company’s stock worth $45,000 after acquiring an additional 194 shares in the last quarter. Friedenthal Financial acquired a new stake in D.R. Horton in the fourth quarter valued at $47,000. Finally, AdvisorNet Financial Inc lifted its holdings in D.R. Horton by 81.8% in the fourth quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock valued at $55,000 after acquiring an additional 162 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Up 1.2 %

Shares of DHI stock traded up $1.76 during mid-day trading on Thursday, hitting $149.50. 4,040,180 shares of the company’s stock were exchanged, compared to its average volume of 2,559,367. The stock has a market cap of $49.23 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 0.73 and a beta of 1.66. The stock has a 50-day simple moving average of $152.36 and a two-hundred day simple moving average of $142.80. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $165.75. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.08 by $0.44. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.73 EPS. Equities analysts expect that D.R. Horton, Inc. will post 14.31 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 paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s dividend payout ratio is currently 8.17%.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 5,650 shares in the company, valued at $844,053.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were 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 directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. Insiders have sold a total of 27,812 shares of company stock worth $4,330,617 in the last quarter. 1.74% of the stock is owned by insiders.

Analysts Set New Price Targets

DHI has been the subject of a number of research analyst reports. Citigroup increased their price target on shares of D.R. Horton from $166.00 to $191.00 and gave the company a “buy” rating in a report on Friday, April 5th. The Goldman Sachs Group lifted their price target on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Wedbush restated an “underperform” rating and issued a $130.00 price target on shares of D.R. Horton in a report on Thursday, April 18th. Barclays reduced their price objective on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Finally, Bank of America dropped their price target on D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a research report on Friday, April 19th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $158.41.

D.R. Horton Company Profile

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.