Golden State Equity Partners Grows Position in D.R. Horton, Inc. (NYSE:DHI)

Golden State Equity Partners lifted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 435.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,899 shares of the construction company’s stock after buying an additional 3,171 shares during the quarter. Golden State Equity Partners’ holdings in D.R. Horton were worth $545,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DHI. KBC Group NV grew its holdings in D.R. Horton by 360.0% in the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after buying an additional 212,112 shares in the last quarter. Legacy CG LLC purchased a new position in D.R. Horton during the 3rd quarter valued at about $4,220,000. Toronto Dominion Bank boosted its holdings in D.R. Horton by 17.3% during the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock valued at $20,025,000 after acquiring an additional 15,460 shares during the period. Pensionfund Sabic boosted its holdings in D.R. Horton by 70.2% during the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock valued at $1,356,000 after acquiring an additional 4,000 shares during the period. Finally, Benjamin Edwards Inc. raised its position in D.R. Horton by 904.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock valued at $7,795,000 after purchasing an additional 36,780 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of DHI stock opened at $141.88 on Monday. D.R. Horton, Inc. has a 1-year low of $133.02 and a 1-year high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $44.71 billion, a price-to-earnings ratio of 10.03, a P/E/G ratio of 0.57 and a beta of 1.75. The stock’s fifty day simple moving average is $148.24 and its 200-day simple moving average is $168.87.

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

D.R. Horton Dividend Announcement

The firm 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 1.13%. D.R. Horton’s payout ratio is presently 11.31%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DHI shares. Wedbush reissued a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. The Goldman Sachs Group lowered their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. JMP Securities reiterated a “market outperform” rating and issued a $210.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Finally, Bank of America downgraded D.R. Horton from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $160.00 to $150.00 in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $170.93.

Insider Activity at D.R. Horton

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

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.