William Allan Corp Acquires 387 Shares of D.R. Horton, Inc. (NYSE:DHI)

William Allan Corp lifted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,882 shares of the construction company’s stock after purchasing an additional 387 shares during the quarter. D.R. Horton accounts for approximately 2.4% of William Allan Corp’s investment portfolio, making the stock its 18th biggest holding. William Allan Corp’s holdings in D.R. Horton were worth $3,898,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DHI. Coastline Trust Co bought a new stake in D.R. Horton during the 3rd quarter worth about $26,000. Rakuten Securities Inc. raised 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 worth $33,000 after acquiring an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton raised its holdings in D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after acquiring an additional 165 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in 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 in the last quarter. Finally, Grove Bank & Trust increased 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. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DHI. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Royal Bank of Canada reissued an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $210.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $160.00 to $150.00 in a report on Monday, January 27th. Finally, Citigroup dropped their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $170.93.

Insider Activity

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.54% of the company’s stock.

D.R. Horton Trading Down 2.1 %

Shares of D.R. Horton stock opened at $136.00 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The firm has a 50-day moving average of $146.33 and a 200-day moving average of $168.24. D.R. Horton, Inc. has a 52-week low of $133.02 and a 52-week high of $199.85. The stock has a market cap of $42.86 billion, a PE ratio of 9.61, a PEG ratio of 0.60 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the business posted $2.82 EPS. The business’s revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 13.05 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a $0.40 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.18%. D.R. Horton’s dividend payout ratio is presently 11.31%.

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.