Altfest L J & Co. Inc. Invests $481,000 in D. R. Horton (DHI) Stock

Altfest L J & Co. Inc. purchased a new stake in shares of D. R. Horton (NYSE:DHI) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,966 shares of the construction company’s stock, valued at approximately $481,000.

Other large investors have also bought and sold shares of the company. Buckingham Capital Management Inc. increased its holdings in shares of D. R. Horton by 5.3% in the third quarter. Buckingham Capital Management Inc. now owns 24,650 shares of the construction company’s stock worth $984,000 after purchasing an additional 1,240 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of D. R. Horton by 1.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,203,010 shares of the construction company’s stock worth $61,438,000 after purchasing an additional 20,342 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of D. R. Horton in the fourth quarter worth about $2,571,000. State of Alaska Department of Revenue increased its holdings in shares of D. R. Horton by 66.8% in the fourth quarter. State of Alaska Department of Revenue now owns 54,599 shares of the construction company’s stock worth $2,786,000 after purchasing an additional 21,870 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of D. R. Horton by 15,459.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 16,493 shares of the construction company’s stock worth $842,000 after purchasing an additional 16,387 shares during the last quarter. 83.76% of the stock is currently owned by institutional investors and hedge funds.

DHI has been the topic of several research reports. Credit Suisse Group reaffirmed an “outperform” rating and issued a $60.00 target price (up from $52.00) on shares of D. R. Horton in a report on Monday, January 22nd. They noted that the move was a valuation call. Barclays lifted their target price on D. R. Horton from $50.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Bank of America lifted their target price on D. R. Horton to $71.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. ValuEngine raised D. R. Horton from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $58.00 target price on shares of D. R. Horton in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $51.56.

In related news, Director Michael W. Hewatt sold 3,423 shares of D. R. Horton stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $41.84, for a total value of $143,218.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Donald R. Horton sold 10,244 shares of D. R. Horton stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $42.23, for a total value of $432,604.12. Following the completion of the transaction, the chairman now owns 23,418,979 shares of the company’s stock, valued at approximately $988,983,483.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,703 shares of company stock valued at $1,043,420. 6.74% of the stock is currently owned by company insiders.

D. R. Horton opened at $41.62 on Tuesday, according to Marketbeat Ratings. The stock has a market capitalization of $15.79 billion, a P/E ratio of 15.19, a P/E/G ratio of 1.07 and a beta of 1.11. D. R. Horton has a 12 month low of $32.47 and a 12 month high of $53.32. The company has a quick ratio of 1.07, a current ratio of 7.36 and a debt-to-equity ratio of 0.39.

D. R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 26th. The construction company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.05. The company had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.77 billion. D. R. Horton had a return on equity of 15.83% and a net margin of 7.58%. The firm’s revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the business posted $0.60 earnings per share. analysts anticipate that D. R. Horton will post 3.91 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, May 11th will be given a $0.125 dividend. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $0.50 annualized dividend and a yield of 1.20%. D. R. Horton’s dividend payout ratio is currently 18.25%.

D. R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

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

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