D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc grew its position in shares of D.R. Horton, Inc. (NYSE:DHIGet Rating) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,664 shares of the construction company’s stock after acquiring an additional 1,257 shares during the quarter. CIBC Asset Management Inc’s holdings in D.R. Horton were worth $3,008,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Assetmark Inc. increased its stake in shares of D.R. Horton by 87.0% in the third quarter. Assetmark Inc. now owns 33,245 shares of the construction company’s stock valued at $2,239,000 after purchasing an additional 15,466 shares during the period. Texas Permanent School Fund raised its stake in D.R. Horton by 5.7% during the 3rd quarter. Texas Permanent School Fund now owns 44,741 shares of the construction company’s stock valued at $3,013,000 after acquiring an additional 2,429 shares in the last quarter. Candriam S.C.A. grew its stake in shares of D.R. Horton by 10.3% in the second quarter. Candriam S.C.A. now owns 39,258 shares of the construction company’s stock worth $2,598,000 after purchasing an additional 3,668 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of D.R. Horton during the second quarter valued at $869,000. Finally, Cerity Partners LLC raised its stake in shares of D.R. Horton by 31.1% during the second quarter. Cerity Partners LLC now owns 12,117 shares of the construction company’s stock valued at $802,000 after purchasing an additional 2,874 shares in the last quarter. Institutional investors own 84.87% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DHI. Citigroup increased their target price on shares of D.R. Horton from $91.00 to $111.00 in a research report on Tuesday, January 10th. Royal Bank of Canada lowered shares of D.R. Horton from a “sector perform” rating to an “underperform” rating and raised their price objective for the company from $68.00 to $76.00 in a research note on Friday, January 13th. StockNews.com started coverage on shares of D.R. Horton in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Wedbush lowered their price objective on shares of D.R. Horton from $97.00 to $83.00 and set an “outperform” rating on the stock in a research note on Monday, October 10th. Finally, BTIG Research lifted their price target on shares of D.R. Horton from $90.00 to $101.00 and gave the stock a “buy” rating in a research report on Tuesday, December 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, D.R. Horton presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.62.

D.R. Horton Stock Performance

Shares of DHI stock opened at $97.00 on Wednesday. The company has a market capitalization of $33.42 billion, a price-to-earnings ratio of 5.86, a P/E/G ratio of 0.64 and a beta of 1.49. D.R. Horton, Inc. has a 1-year low of $59.25 and a 1-year high of $98.93. The company has a current ratio of 5.92, a quick ratio of 1.10 and a debt-to-equity ratio of 0.31. The stock’s fifty day simple moving average is $88.79 and its 200-day simple moving average is $79.13.

D.R. Horton (NYSE:DHIGet Rating) last released its earnings results on Tuesday, January 24th. The construction company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.52. The company had revenue of $7.26 billion for the quarter, compared to analysts’ expectations of $6.43 billion. D.R. Horton had a return on equity of 32.84% and a net margin of 17.50%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.17 EPS. On average, sell-side analysts predict that D.R. Horton, Inc. will post 9.46 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 14th. Shareholders of record on Tuesday, February 7th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. D.R. Horton’s dividend payout ratio (DPR) is currently 6.05%.

Insider Activity

In related news, COO Paul J. Romanowski sold 30,000 shares of D.R. Horton stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $89.68, for a total transaction of $2,690,400.00. Following the completion of the sale, the chief operating officer now owns 76,185 shares of the company’s stock, valued at $6,832,270.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, COO Paul J. Romanowski sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $89.68, for a total transaction of $2,690,400.00. Following the completion of the sale, the chief operating officer now directly owns 76,185 shares of the company’s stock, valued at approximately $6,832,270.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Aron M. Odom sold 1,300 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $83.64, for a total value of $108,732.00. Following the completion of the sale, the vice president now directly owns 1,724 shares of the company’s stock, valued at approximately $144,195.36. The disclosure for this sale can be found here. Insiders have sold a total of 33,770 shares of company stock worth $3,011,976 in the last ninety days. Corporate insiders own 0.61% of the company’s stock.

D.R. Horton Profile

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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 106 markets across 33 states under the names of D.R.

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

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