Choreo LLC Takes $1.39 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Choreo LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI) during the fourth quarter, HoldingsChannel.com reports. The fund bought 9,145 shares of the construction company’s stock, valued at approximately $1,390,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DHI. Evergreen Capital Management LLC increased its position in shares of D.R. Horton by 53.7% during the 3rd quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock worth $1,074,000 after purchasing an additional 3,489 shares during the last quarter. Voss Capital LLC acquired a new position in shares of D.R. Horton during the 4th quarter worth approximately $7,599,000. Los Angeles Capital Management LLC increased its position in shares of D.R. Horton by 390.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock worth $79,884,000 after purchasing an additional 591,787 shares during the last quarter. SteelPeak Wealth LLC acquired a new position in shares of D.R. Horton during the 3rd quarter worth approximately $218,000. Finally, Handelsbanken Fonder AB increased its position in shares of D.R. Horton by 20.5% during the 4th quarter. Handelsbanken Fonder AB now owns 97,275 shares of the construction company’s stock worth $14,784,000 after purchasing an additional 16,573 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at approximately $838,799. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was 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 approximately $844,053.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $838,799. The disclosure for this sale can be found here. Insiders sold a total of 25,812 shares of company stock worth $4,029,217 in the last ninety days. 1.74% of the stock is owned by insiders.

D.R. Horton Stock Performance

DHI opened at $142.49 on Wednesday. The business has a fifty day simple moving average of $152.07 and a 200 day simple moving average of $141.13. The company has a market capitalization of $46.92 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $165.75.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. The firm had revenue of $9.11 billion during 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 revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.73 EPS. Research analysts expect that D.R. Horton, Inc. will post 14.32 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.84%. D.R. Horton’s dividend payout ratio is currently 8.17%.

Analyst Ratings Changes

Several research analysts have weighed in on DHI shares. JMP Securities boosted their price target on D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 24th. Barclays decreased their target price on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Bank of America decreased their target price on D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a report on Friday, April 19th. BTIG Research decreased their target price on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Finally, Citigroup boosted their target price on D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.06.

D.R. Horton 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.