Fortitude Family Office LLC Buys Shares of 8,138 D.R. Horton, Inc. (NYSE:DHI)

Fortitude Family Office LLC purchased a new position in D.R. Horton, Inc. (NYSE:DHIFree Report) in the fourth quarter, HoldingsChannel reports. The firm purchased 8,138 shares of the construction company’s stock, valued at approximately $1,237,000. D.R. Horton comprises 0.9% of Fortitude Family Office LLC’s investment portfolio, making the stock its 19th biggest position.

A number of other institutional investors also recently made changes to their positions in DHI. Fairfield Bush & CO. acquired a new stake in D.R. Horton during the first quarter valued at approximately $28,000. American Century Companies Inc. lifted its stake in D.R. Horton by 13.9% during the first quarter. American Century Companies Inc. now owns 22,684 shares of the construction company’s stock valued at $1,690,000 after purchasing an additional 2,771 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in D.R. Horton by 10.7% during the first quarter. Panagora Asset Management Inc. now owns 10,075 shares of the construction company’s stock valued at $751,000 after purchasing an additional 973 shares during the last quarter. Sei Investments Co. raised its holdings in shares of D.R. Horton by 21.1% during the first quarter. Sei Investments Co. now owns 300,024 shares of the construction company’s stock valued at $22,425,000 after acquiring an additional 52,320 shares during the period. Finally, Prudential PLC acquired a new position in D.R. Horton in the 1st quarter valued at approximately $560,000. 82.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Barclays upped their price objective on shares of D.R. Horton from $143.00 to $166.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Keefe, Bruyette & Woods dropped their price target on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 24th. Royal Bank of Canada increased 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 note on Monday, January 22nd. UBS Group increased their price target on shares of D.R. Horton from $155.00 to $192.00 in a research note on Monday, January 22nd. Finally, The Goldman Sachs Group increased their price target on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.65.

Check Out Our Latest Stock Analysis on DHI

D.R. Horton Price Performance

Shares of DHI stock traded up $2.77 during mid-day trading on Thursday, reaching $161.35. The company’s stock had a trading volume of 2,397,364 shares, compared to its average volume of 2,653,846. D.R. Horton, Inc. has a 1-year low of $94.22 and a 1-year high of $162.75. The company has a market cap of $53.54 billion, a P/E ratio of 11.61, a PEG ratio of 0.89 and a beta of 1.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56. The firm’s 50-day moving average is $148.37 and its two-hundred day moving average is $132.26.

D.R. Horton (NYSE:DHIGet Free Report) last announced its earnings results on Tuesday, January 23rd. The construction company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.06). The firm had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.76 EPS. On average, research analysts predict that D.R. Horton, Inc. will post 14.17 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently announced 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 dividend yield of 0.74%. The ex-dividend date of this dividend was Monday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is currently 8.63%.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at approximately $809,419. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 1,748 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $809,419. The disclosure for this sale can be found here. Insiders sold 27,197 shares of company stock worth $4,225,745 in the last quarter. 1.74% of the stock is owned by corporate insiders.

About D.R. Horton

(Free Report)

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.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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