Whittier Trust Co. of Nevada Inc. Decreases Stake in D.R. Horton, Inc. (NYSE:DHI)

Whittier Trust Co. of Nevada Inc. reduced its stake in D.R. Horton, Inc. (NYSE:DHI) by 47.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 592 shares of the construction company’s stock after selling 545 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in D.R. Horton were worth $97,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Voss Capital LLC purchased a new position in shares of D.R. Horton in the 4th quarter valued at approximately $7,599,000. Handelsbanken Fonder AB raised its position in D.R. Horton by 20.5% during the 4th quarter. Handelsbanken Fonder AB now owns 97,275 shares of the construction company’s stock worth $14,784,000 after buying an additional 16,573 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in D.R. Horton by 12.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,241 shares of the construction company’s stock worth $10,371,000 after buying an additional 7,600 shares during the last quarter. Vinva Investment Management Ltd raised its position in D.R. Horton by 59.3% during the 4th quarter. Vinva Investment Management Ltd now owns 81,125 shares of the construction company’s stock worth $12,537,000 after buying an additional 30,186 shares during the last quarter. Finally, Alaska Permanent Fund Corp raised its position in D.R. Horton by 312.0% during the 1st quarter. Alaska Permanent Fund Corp now owns 11,755 shares of the construction company’s stock worth $1,934,000 after buying an additional 8,902 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Down 0.1 %

Shares of NYSE DHI traded down $0.18 during trading on Tuesday, hitting $136.00. 1,687,853 shares of the company were exchanged, compared to its average volume of 2,447,440. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $165.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The company has a fifty day moving average price of $143.97 and a 200-day moving average price of $148.02. The firm has a market capitalization of $44.79 billion, a PE ratio of 9.33, a P/E/G ratio of 0.67 and a beta of 1.71.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.44. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. D.R. Horton’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.73 EPS. As a group, equities research analysts expect that D.R. Horton, Inc. will post 14.26 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Wednesday, May 1st. D.R. Horton’s dividend payout ratio is presently 8.17%.

Insider Transactions at D.R. Horton

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

Analysts Set New Price Targets

DHI has been the subject of a number of recent research reports. Wedbush reissued an “underperform” rating and set a $130.00 price target on shares of D.R. Horton in a research report on Thursday, April 18th. Jefferies Financial Group raised their price target on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. UBS Group raised their price objective on shares of D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Royal Bank of Canada dropped their price objective on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a research note on Friday, April 19th. Finally, Barclays dropped their price objective on shares of D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $156.75.

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.