AEGON ASSET MANAGEMENT UK Plc Boosts Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

AEGON ASSET MANAGEMENT UK Plc lifted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 2.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 59,245 shares of the construction company’s stock after purchasing an additional 1,546 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in D.R. Horton were worth $8,281,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TCI Wealth Advisors Inc. lifted its holdings in D.R. Horton by 4.1% during the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after buying an additional 58 shares during the period. Covestor Ltd raised its position in shares of D.R. Horton by 6.6% in the 3rd quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after acquiring an additional 66 shares in the last quarter. Insigneo Advisory Services LLC lifted its stake in shares of D.R. Horton by 1.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock worth $695,000 after purchasing an additional 67 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its position in D.R. Horton by 0.8% during the third quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company’s stock valued at $1,649,000 after purchasing an additional 72 shares in the last quarter. Finally, Demars Financial Group LLC grew its stake in D.R. Horton by 3.5% in the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock valued at $419,000 after purchasing an additional 74 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $142.98 on Friday. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85. The company has a quick ratio of 1.61, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The firm has a market cap of $45.87 billion, a P/E ratio of 10.10, a P/E/G ratio of 0.56 and a beta of 1.75. The business’s 50 day moving average price is $150.06 and its 200 day moving average price is $168.89.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7,120,170 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.82 earnings per share. On average, sell-side analysts expect that D.R. Horton, Inc. will post 13.87 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.12%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wedbush reissued a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Barclays reduced their price target on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Evercore ISI lowered their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $210.00 target price on shares of D.R. Horton in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $174.53.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.54% of the company’s stock.

About D.R. Horton

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.