1,746 Shares in D.R. Horton, Inc. (NYSE:DHI) Acquired by Integrated Advisors Network LLC

Integrated Advisors Network LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,746 shares of the construction company’s stock, valued at approximately $265,000.

Several other hedge funds have also recently bought and sold shares of DHI. Norges Bank acquired a new stake in shares of D.R. Horton during the 4th quarter worth about $516,530,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of D.R. Horton by 62.4% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company’s stock worth $207,864,000 after acquiring an additional 525,705 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in D.R. Horton by 21.7% during the 4th quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after buying an additional 484,058 shares in the last quarter. Panagora Asset Management Inc. lifted its position in D.R. Horton by 1,719.1% during the 4th quarter. Panagora Asset Management Inc. now owns 429,445 shares of the construction company’s stock valued at $65,267,000 after purchasing an additional 405,838 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of D.R. Horton by 150.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 571,051 shares of the construction company’s stock worth $61,371,000 after buying an additional 342,884 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at D.R. Horton

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

Analysts Set New Price Targets

A number of brokerages have issued reports on DHI. Keefe, Bruyette & Woods raised their price objective on shares of D.R. Horton from $172.00 to $178.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. Bank of America reduced their price target on D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. BTIG Research lowered their target price on D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Wedbush reaffirmed an “underperform” rating and issued a $130.00 price target on shares of D.R. Horton in a research note on Thursday, April 18th. 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 report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $158.31.

D.R. Horton Trading Down 2.7 %

NYSE DHI opened at $139.40 on Thursday. The stock has a 50 day moving average of $145.92 and a 200-day moving average of $148.29. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $165.75. The company has a market cap of $45.91 billion, a PE ratio of 9.49, a PEG ratio of 0.71 and a beta of 1.68. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. During the same period in the previous year, the company posted $2.73 EPS. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 14.26 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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 $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Wednesday, May 1st. D.R. Horton’s payout ratio is presently 8.17%.

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.