Fisher Asset Management LLC Acquires 1,040 Shares of D.R. Horton, Inc. (NYSE:DHI)

Fisher Asset Management LLC lifted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 242,276 shares of the construction company’s stock after acquiring an additional 1,040 shares during the quarter. Fisher Asset Management LLC owned approximately 0.07% of D.R. Horton worth $36,821,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Evergreen Capital Management LLC lifted its position in shares of D.R. Horton by 53.7% in 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 period. Voss Capital LLC bought a new stake in D.R. Horton during the 4th quarter valued at approximately $7,599,000. Los Angeles Capital Management LLC boosted its position in 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 valued at $79,884,000 after acquiring an additional 591,787 shares in the last quarter. SteelPeak Wealth LLC bought a new position in shares of D.R. Horton in the 3rd quarter worth approximately $218,000. Finally, Handelsbanken Fonder AB lifted its stake in shares of D.R. Horton by 20.5% in the 4th quarter. Handelsbanken Fonder AB now owns 97,275 shares of the construction company’s stock valued at $14,784,000 after purchasing an additional 16,573 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 2.1 %

DHI opened at $148.48 on Friday. The stock has a market capitalization of $48.90 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 0.73 and a beta of 1.66. The firm has a 50 day moving average price of $152.09 and a 200-day moving average price of $141.48. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $165.75. 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 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. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.15 billion. During the same period in the previous year, the business earned $2.73 EPS. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. Equities research analysts forecast that D.R. Horton, Inc. will post 14.31 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s payout ratio is currently 8.17%.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were 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 $844,053.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Barbara K. Allen sold 449 shares of D.R. Horton 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 transaction, the director now directly owns 5,650 shares in the company, valued at $844,053.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the director now owns 5,650 shares of the company’s stock, valued at approximately $838,799. The disclosure for this sale can be found here. Insiders have sold 25,812 shares of company stock worth $4,029,217 in the last quarter. Company insiders own 1.74% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on DHI shares. Bank of America decreased their price objective on D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a report on Friday, April 19th. UBS Group boosted their price objective on shares of D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Seaport Res Ptn downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. Barclays dropped their price target on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Finally, The Goldman Sachs Group raised their price objective on D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $158.06.

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.