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

Vest Financial LLC boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 67.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 233,188 shares of the construction company’s stock after purchasing an additional 93,706 shares during the quarter. Vest Financial LLC owned approximately 0.07% of D.R. Horton worth $32,604,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Coastline Trust Co acquired a new stake in D.R. Horton in the 3rd quarter valued at $26,000. Rakuten Securities Inc. lifted its holdings in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares in the last quarter. Wolff Wiese Magana LLC grew its position in shares of D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after purchasing an additional 196 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of D.R. Horton during the fourth quarter worth about $30,000. Finally, Grove Bank & Trust raised its position in shares of D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after purchasing an additional 93 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity 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 shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.54% of the company’s stock.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $128.99 on Friday. The firm has a market cap of $40.65 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 0.60 and a beta of 1.76. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 52 week low of $127.47 and a 52 week high of $199.85. The business’s fifty day simple moving average is $145.66 and its 200-day simple moving average is $168.02.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period last year, the business earned $2.82 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.24%. D.R. Horton’s payout ratio is presently 11.31%.

Analyst Upgrades and Downgrades

DHI has been the subject of several research reports. Bank of America lowered D.R. Horton from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. UBS Group reduced their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Evercore ISI lowered 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. Wedbush reiterated a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Finally, Barclays lowered 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 report on Wednesday, January 22nd. Two research 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 currently has an average rating of “Hold” and a consensus price target of $170.93.

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.