Golden State Equity Partners Purchases 3,171 Shares of D.R. Horton, Inc. (NYSE:DHI)

Golden State Equity Partners lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 435.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,899 shares of the construction company’s stock after acquiring an additional 3,171 shares during the period. Golden State Equity Partners’ holdings in D.R. Horton were worth $545,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Algert Global LLC increased its position in D.R. Horton by 11.4% during the 2nd quarter. Algert Global LLC now owns 2,730 shares of the construction company’s stock worth $385,000 after purchasing an additional 280 shares in the last quarter. NewEdge Advisors LLC increased its position in D.R. Horton by 67.2% in the 2nd quarter. NewEdge Advisors LLC now owns 10,682 shares of the construction company’s stock valued at $1,505,000 after acquiring an additional 4,295 shares during the period. Massmutual Trust Co. FSB ADV increased its position in D.R. Horton by 14.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,360 shares of the construction company’s stock valued at $259,000 after acquiring an additional 174 shares during the period. Czech National Bank increased its position in D.R. Horton by 5.8% in the 3rd quarter. Czech National Bank now owns 59,776 shares of the construction company’s stock valued at $11,403,000 after acquiring an additional 3,297 shares during the period. Finally, Handelsbanken Fonder AB increased its position in D.R. Horton by 5.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 107,786 shares of the construction company’s stock valued at $20,562,000 after acquiring an additional 5,243 shares during the period. Institutional investors own 90.63% of the company’s stock.

Insiders Place Their Bets

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated 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 Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. JMP Securities restated a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Evercore ISI cut their target price on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Finally, UBS Group dropped their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $141.88 on Monday. The firm’s 50-day moving average price is $148.24 and its 200-day moving average price is $168.87. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The company has a market cap of $44.71 billion, a PE ratio of 10.03, a PEG ratio of 0.57 and a beta of 1.75. D.R. Horton, Inc. has a 52-week low of $133.02 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the prior year, the business earned $2.82 EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, analysts anticipate that D.R. Horton, Inc. will post 13.71 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 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.