Graypoint LLC Raises Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Graypoint LLC grew its holdings in D.R. Horton, Inc. (NYSE:DHI) by 9.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,754 shares of the construction company’s stock after acquiring an additional 327 shares during the period. Graypoint LLC’s holdings in D.R. Horton were worth $570,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in D.R. Horton by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 35,902,967 shares of the construction company’s stock worth $2,675,130,000 after acquiring an additional 406,429 shares in the last quarter. State Street Corp lifted its position in shares of D.R. Horton by 3.6% in the 1st quarter. State Street Corp now owns 13,712,390 shares of the construction company’s stock worth $1,339,558,000 after buying an additional 480,247 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of D.R. Horton by 0.7% in the 1st quarter. Geode Capital Management LLC now owns 6,515,717 shares of the construction company’s stock worth $635,060,000 after buying an additional 45,030 shares during the last quarter. Invesco Ltd. lifted its position in shares of D.R. Horton by 17.0% in the 1st quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock worth $355,538,000 after buying an additional 694,155 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its position in shares of D.R. Horton by 101,707.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,368,566 shares of the construction company’s stock worth $389,414,000 after buying an additional 4,364,275 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

D.R. Horton stock opened at $151.71 on Friday. The firm’s 50 day simple moving average is $151.78 and its 200-day simple moving average is $137.55. The company has a market cap of $50.34 billion, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 0.75 and a beta of 1.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.56 and a quick ratio of 1.20. D.R. Horton, Inc. has a fifty-two week low of $97.32 and a fifty-two week high of $165.75.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 23rd. The construction company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.88 by ($0.06). The firm had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $2.76 earnings per share. As a group, equities research analysts predict that D.R. Horton, Inc. will post 14.24 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Monday, February 5th. D.R. Horton’s payout ratio is presently 8.63%.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the sale, the insider now directly owns 773,121 shares in the company, valued at $120,862,005.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at $844,053.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,197 shares of company stock valued at $4,225,745. Corporate insiders own 1.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DHI. Barclays raised their price target on shares of D.R. Horton from $166.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. UBS Group lifted their price objective on shares of D.R. Horton from $155.00 to $192.00 in a research report on Monday, January 22nd. Wedbush downgraded shares of D.R. Horton from a “neutral” rating to an “underperform” rating and set a $130.00 price target on the stock. in a research report on Tuesday, April 2nd. Royal Bank of Canada boosted their price target on shares of D.R. Horton from $116.00 to $142.00 and gave the stock an “underperform” rating in a research report on Monday, January 22nd. Finally, Citigroup boosted their price target on shares of D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.71.

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.