Silver Oak Securities Incorporated Grows Stake in D.R. Horton, Inc. (NYSE:DHI)

Silver Oak Securities Incorporated grew its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,548 shares of the construction company’s stock after purchasing an additional 226 shares during the period. Silver Oak Securities Incorporated’s holdings in D.R. Horton were worth $635,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Golden State Equity Partners boosted its holdings in D.R. Horton by 435.6% in the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock worth $545,000 after acquiring an additional 3,171 shares in the last quarter. KBC Group NV boosted its stake in D.R. Horton by 360.0% in the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after purchasing an additional 212,112 shares in the last quarter. Legacy CG LLC purchased a new stake in D.R. Horton during the 3rd quarter worth approximately $4,220,000. Toronto Dominion Bank increased its stake in D.R. Horton by 17.3% during the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock valued at $20,025,000 after purchasing an additional 15,460 shares in the last quarter. Finally, Pensionfund Sabic raised its holdings in shares of D.R. Horton by 70.2% in the fourth quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock worth $1,356,000 after buying an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Down 5.3 %

Shares of D.R. Horton stock opened at $128.99 on Friday. The firm has a 50-day simple moving average of $145.66 and a two-hundred day simple moving average of $168.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton, Inc. has a fifty-two week low of $127.47 and a fifty-two week high of $199.85. The company has a market cap of $40.65 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 0.60 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results 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. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the prior year, the firm posted $2.82 EPS. D.R. Horton’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts predict that D.R. Horton, Inc. will post 13.05 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a $0.40 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.24%. D.R. Horton’s dividend payout ratio is currently 11.31%.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DHI has been the topic of a number of research analyst reports. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. BTIG Research cut their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Wells Fargo & Company decreased their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. UBS Group cut their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Citigroup decreased their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Company 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.