Dupree Financial Group LLC Increases Position in D.R. Horton, Inc. (NYSE:DHI)

Dupree Financial Group LLC grew its stake in D.R. Horton, Inc. (NYSE:DHI) by 21.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,198 shares of the construction company’s stock after acquiring an additional 3,348 shares during the quarter. D.R. Horton comprises about 1.2% of Dupree Financial Group LLC’s portfolio, making the stock its 29th biggest position. Dupree Financial Group LLC’s holdings in D.R. Horton were worth $2,684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in DHI. Mountaineer Partners Management LLC purchased a new stake in D.R. Horton during the 3rd quarter worth approximately $1,853,178,000. FMR LLC lifted its position in D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after acquiring an additional 2,442,581 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of D.R. Horton by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock valued at $1,351,435,000 after purchasing an additional 21,073 shares during the period. Smead Capital Management Inc. increased its holdings in shares of D.R. Horton by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock valued at $480,106,000 after acquiring an additional 84,835 shares during the period. Finally, Principal Financial Group Inc. lifted its position in D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after acquiring an additional 120,892 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DHI. Evercore ISI cut their price target on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. JMP Securities restated a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Wedbush reissued a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. Finally, Barclays decreased their price target on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Stock Performance

Shares of DHI opened at $137.37 on Tuesday. D.R. Horton, Inc. has a one year low of $133.02 and a one year high of $199.85. The firm has a 50-day moving average of $148.24 and a 200-day moving average of $168.95. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The company has a market cap of $43.29 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 0.60 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.82 earnings per share. As a group, equities analysts forecast that D.R. Horton, Inc. will post 13.05 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Friday, February 7th. D.R. Horton’s payout ratio is 11.31%.

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.