D.R. Horton, Inc. (NYSE:DHI) Stock Position Decreased by Paradiem LLC

Paradiem LLC decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,909 shares of the construction company’s stock after selling 2,330 shares during the quarter. Paradiem LLC’s holdings in D.R. Horton were worth $4,394,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Greenhaven Associates Inc. increased its stake in shares of D.R. Horton by 1.0% during the 4th quarter. Greenhaven Associates Inc. now owns 3,547,948 shares of the construction company’s stock worth $539,217,000 after purchasing an additional 34,366 shares during the last quarter. Northern Trust Corp increased its stake in shares of D.R. Horton by 3.2% during the 3rd quarter. Northern Trust Corp now owns 3,389,414 shares of the construction company’s stock worth $364,260,000 after purchasing an additional 104,453 shares during the last quarter. Morgan Stanley increased its stake in shares of D.R. Horton by 3.4% during the 3rd quarter. Morgan Stanley now owns 3,254,275 shares of the construction company’s stock worth $349,737,000 after purchasing an additional 106,074 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of D.R. Horton by 21.7% during the 4th quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after purchasing an additional 484,058 shares during the last quarter. Finally, Earnest Partners LLC increased its stake in shares of D.R. Horton by 1.1% during the 3rd quarter. Earnest Partners LLC now owns 1,723,819 shares of the construction company’s stock worth $185,259,000 after purchasing an additional 19,396 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI stock traded up $1.13 during mid-day trading on Friday, reaching $145.33. The company’s stock had a trading volume of 2,057,426 shares, compared to its average volume of 2,504,805. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75. The company has a market cap of $47.86 billion, a P/E ratio of 9.89, a PEG ratio of 0.72 and a beta of 1.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The firm’s 50-day moving average is $151.99 and its two-hundred day moving average is $140.33.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data 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 company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.73 EPS. On average, research analysts predict that D.R. Horton, Inc. will post 14.31 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is currently 8.17%.

Wall Street Analysts Forecast Growth

DHI has been the topic of several analyst reports. Raymond James increased their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Barclays dropped their price target on shares of D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Jefferies Financial Group upped their price objective on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Royal Bank of Canada decreased their price objective on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a report on Friday, April 19th. Finally, JMP Securities upped their price objective on shares of D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.06.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 1,748 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at approximately $809,419. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were 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 approximately $120,862,005.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barbara K. Allen sold 1,748 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at approximately $809,419. The disclosure for this sale can be found here. Insiders sold 27,560 shares of company stock worth $4,279,636 in the last quarter. 1.74% of the stock is owned by corporate insiders.

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.