D.R. Horton, Inc. (NYSE:DHI) Stake Decreased by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,880 shares of the construction company’s stock after selling 2,184 shares during the period. Corient Private Wealth LLC’s holdings in D.R. Horton were worth $15,028,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Greenhaven Associates Inc. increased its stake in D.R. Horton by 1.0% in the fourth quarter. Greenhaven Associates Inc. now owns 3,547,948 shares of the construction company’s stock valued at $539,217,000 after acquiring an additional 34,366 shares during the period. Norges Bank bought a new position in D.R. Horton in the fourth quarter valued at $516,530,000. Northern Trust Corp grew its position in D.R. Horton by 3.2% in the third quarter. Northern Trust Corp now owns 3,389,414 shares of the construction company’s stock valued at $364,260,000 after purchasing an additional 104,453 shares in the last quarter. Morgan Stanley boosted its holdings 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 buying an additional 106,074 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in D.R. Horton by 21.7% in the 4th quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock valued at $412,503,000 after purchasing an additional 484,058 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DHI shares. UBS Group upped their price target on shares of D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, April 19th. StockNews.com lowered shares of D.R. Horton from a “buy” rating to a “hold” rating in a research note on Thursday. Bank of America dropped their price objective on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Royal Bank of Canada lowered their target price 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, Citigroup decreased their price objective on shares of D.R. Horton from $191.00 to $181.00 and set a “buy” rating for the company in a report on Friday, May 17th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of “Moderate Buy” and a consensus target price of $157.82.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 773,121 shares in the company, valued at $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the sale, the director now owns 1,703 shares of the company’s stock, valued at $256,642.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the sale, the insider now directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. Insiders have sold 27,812 shares of company stock valued at $4,330,617 over the last 90 days. 1.74% of the stock is owned by insiders.

D.R. Horton Stock Performance

Shares of D.R. Horton stock traded up $1.80 on Friday, reaching $144.62. 1,102,436 shares of the stock were exchanged, compared to its average volume of 2,356,659. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $165.75. The firm has a market capitalization of $47.62 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 0.71 and a beta of 1.66. The business has a 50 day moving average price of $151.44 and a two-hundred day moving average price of $146.01. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) 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. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. During the same period in the previous year, the company posted $2.73 earnings per share. D.R. Horton’s revenue for the quarter was up 14.2% on a year-over-year basis. Analysts anticipate that D.R. Horton, Inc. will post 14.26 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

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

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.