Gulf International Bank UK Ltd Increases Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Gulf International Bank UK Ltd grew its holdings in D.R. Horton, Inc. (NYSE:DHI) by 0.6% in the 1st quarter, HoldingsChannel reports. The firm owned 26,342 shares of the construction company’s stock after purchasing an additional 155 shares during the quarter. Gulf International Bank UK Ltd’s holdings in D.R. Horton were worth $4,334,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DHI. Rise Advisors LLC acquired a new stake in shares of D.R. Horton in the first quarter valued at $27,000. Oakworth Capital Inc. purchased a new position in shares of D.R. Horton in the 4th quarter valued at about $38,000. Private Wealth Management Group LLC acquired a new position in shares of D.R. Horton during the fourth quarter worth about $42,000. Silver Oak Securities Incorporated purchased a new stake in shares of D.R. Horton during the third quarter worth approximately $43,000. Finally, Friedenthal Financial acquired a new stake in D.R. Horton in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Up 0.9 %

NYSE DHI opened at $142.39 on Friday. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $165.75. The firm has a market cap of $46.89 billion, a PE ratio of 9.69, a P/E/G ratio of 0.70 and a beta of 1.68. The firm’s fifty day moving average is $145.54 and its two-hundred day moving average is $148.45. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating 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 firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. During the same period in the prior year, the business earned $2.73 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. Analysts expect that D.R. Horton, Inc. will post 14.26 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, May 2nd were given a $0.30 dividend. The ex-dividend date was Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.84%. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

Insider Buying and Selling at D.R. Horton

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DHI. BTIG Research dropped their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. Royal Bank of Canada lowered their price objective on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research report on Friday, April 19th. Jefferies Financial Group raised their target price on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Keefe, Bruyette & Woods upped their price target on D.R. Horton from $172.00 to $178.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. Finally, StockNews.com lowered shares of D.R. Horton from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $158.31.

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.