D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Two Point Capital Management Inc.

Two Point Capital Management Inc. increased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 155,960 shares of the construction company’s stock after purchasing an additional 655 shares during the quarter. D.R. Horton accounts for 10.8% of Two Point Capital Management Inc.’s investment portfolio, making the stock its biggest holding. Two Point Capital Management Inc.’s holdings in D.R. Horton were worth $23,703,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BluePath Capital Management LLC purchased a new position in shares of D.R. Horton during the 3rd quarter worth $33,000. Oakworth Capital Inc. acquired a new position in D.R. Horton in the 4th quarter worth $38,000. First Pacific Financial purchased a new position in D.R. Horton in the third quarter valued at about $41,000. Silver Oak Securities Incorporated purchased a new stake in D.R. Horton during the 3rd quarter worth approximately $43,000. Finally, JFS Wealth Advisors LLC increased its stake in shares of D.R. Horton by 85.8% in the third quarter. JFS Wealth Advisors LLC now owns 420 shares of the construction company’s stock worth $45,000 after buying an additional 194 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Up 0.6 %

Shares of D.R. Horton stock traded up $0.87 on Friday, hitting $145.07. The stock had a trading volume of 1,275,354 shares, compared to its average volume of 2,562,430. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $165.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The firm has a market capitalization of $47.77 billion, a P/E ratio of 9.82, a PEG ratio of 0.72 and a beta of 1.64. The stock has a 50 day moving average of $151.91 and a 200 day moving average of $139.83.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.44. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.73 earnings per share. Sell-side analysts expect that D.R. Horton, Inc. will post 14.28 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.83%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s dividend payout ratio is presently 8.17%.

Analyst Ratings Changes

A number of research firms have issued reports on DHI. Royal Bank of Canada reduced their target price on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research note on Friday, April 19th. Bank of America cut their price target on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a report on Friday, April 19th. Wedbush reissued an “underperform” rating and set a $130.00 target price on shares of D.R. Horton in a research note on Thursday, April 18th. Keefe, Bruyette & Woods dropped their target price on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a report on Wednesday, January 24th. Finally, Seaport Res Ptn lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Two 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $158.06.

Insider Activity at D.R. Horton

In other news, Director Barbara K. Allen sold 1,748 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was 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 of the company’s stock, valued at approximately $809,419. The transaction was disclosed in a filing with the SEC, 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 on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the transaction, the insider now directly owns 773,121 shares in the company, valued at $120,862,005.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barbara K. Allen sold 1,748 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the sale, the director now directly owns 5,650 shares in the company, valued at $809,419. The disclosure for this sale can be found here. Insiders have sold 27,560 shares of company stock valued at $4,279,636 over the last three months. 1.74% of the stock is owned by corporate insiders.

D.R. Horton Company 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.