American International Group Inc. Acquires 996 Shares of D.R. Horton, Inc. (NYSE:DHI)

American International Group Inc. grew its holdings in shares of D.R. Horton, Inc. (NYSE:DHIFree Report) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,230 shares of the construction company’s stock after acquiring an additional 996 shares during the quarter. American International Group Inc.’s holdings in D.R. Horton were worth $13,865,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Oakworth Capital Inc. bought a new stake in D.R. Horton in the 4th quarter worth approximately $38,000. Private Wealth Management Group LLC bought a new stake in D.R. Horton in the fourth quarter valued at approximately $42,000. Friedenthal Financial bought a new stake in D.R. Horton in the fourth quarter valued at approximately $47,000. AdvisorNet Financial Inc lifted its position 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 purchasing an additional 162 shares during the last quarter. Finally, EdgeRock Capital LLC bought a new stake in D.R. Horton in the fourth quarter valued at approximately $55,000. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DHI. Jefferies Financial Group boosted their price objective on D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research report on Friday, April 19th. BTIG Research reduced their target price on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods boosted their target price on D.R. Horton from $172.00 to $178.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. StockNews.com cut D.R. Horton from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Finally, Royal Bank of Canada reduced their target price on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a research note on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $158.31.

Get Our Latest Research Report on DHI

D.R. Horton Stock Performance

Shares of NYSE:DHI traded down $0.68 during midday trading on Friday, reaching $142.78. 1,843,350 shares of the company’s stock traded hands, compared to its average volume of 1,926,407. The company has a market cap of $47.02 billion, a price-to-earnings ratio of 9.72, a P/E/G ratio of 0.71 and a beta of 1.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $165.75. The stock has a 50 day moving average of $146.74 and a 200 day moving average of $148.04.

D.R. Horton (NYSE:DHIGet Free Report) last announced its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.73 earnings per share. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 14.26 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Wednesday, May 1st. D.R. Horton’s dividend payout ratio is 8.17%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the stock in a transaction dated 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 SEC, which can be accessed through this hyperlink. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction dated 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 owns 773,121 shares in the company, valued at $120,862,005.93. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the completion of the sale, the director now owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,363 shares of company stock valued at $4,263,541. 1.74% of the stock is owned by company insiders.

D.R. Horton Profile

(Free Report)

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.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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