LSV Asset Management Has $52.49 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

LSV Asset Management trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 18.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 319,000 shares of the construction company’s stock after selling 72,260 shares during the period. LSV Asset Management owned approximately 0.10% of D.R. Horton worth $52,491,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DHI. Silver Oak Securities Incorporated bought a new stake in D.R. Horton in the third quarter valued at $43,000. Graham Capital Management L.P. acquired a new stake in D.R. Horton in the third quarter worth $1,115,000. Public Sector Pension Investment Board raised its holdings in D.R. Horton by 9.7% in the third quarter. Public Sector Pension Investment Board now owns 32,614 shares of the construction company’s stock worth $3,505,000 after purchasing an additional 2,893 shares during the period. American Century Companies Inc. boosted its position in shares of D.R. Horton by 11.9% during the third quarter. American Century Companies Inc. now owns 136,067 shares of the construction company’s stock worth $14,623,000 after purchasing an additional 14,439 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in shares of D.R. Horton by 49.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 7,539 shares of the construction company’s stock valued at $810,000 after purchasing an additional 2,500 shares during the period. Institutional investors own 90.63% of the company’s stock.

Insider Buying and Selling at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the transaction, the director now owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the transaction, the director now owns 5,650 shares in the company, valued at $838,799. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the transaction, the director now owns 1,703 shares of the company’s stock, valued at $256,642.10. The disclosure for this sale can be found here. Insiders own 1.74% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on DHI. StockNews.com cut shares of D.R. Horton from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Wedbush restated an “underperform” rating and set a $130.00 price objective on shares of D.R. Horton in a research report on Thursday, April 18th. Jefferies Financial Group lifted their price target on shares of D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Bank of America cut their target price on D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Finally, Keefe, Bruyette & Woods upped their price target on shares of D.R. Horton from $172.00 to $178.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $156.25.

D.R. Horton Trading Up 2.7 %

NYSE DHI traded up $4.01 during mid-day trading on Friday, reaching $153.74. 3,935,849 shares of the stock were exchanged, compared to its average volume of 2,478,836. The stock has a market cap of $50.63 billion, a P/E ratio of 10.49, a P/E/G ratio of 0.69 and a beta of 1.71. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. The stock has a 50 day simple moving average of $143.86 and a 200-day simple moving average of $147.87. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $165.75.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.08 by $0.44. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.73 earnings per share. On average, analysts anticipate that D.R. Horton, Inc. will post 14.29 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Wednesday, May 1st. D.R. Horton’s payout ratio is 8.17%.

D.R. Horton 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.