Syon Capital LLC Acquires 661 Shares of D.R. Horton, Inc. (NYSE:DHI)

Syon Capital LLC increased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 17.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,379 shares of the construction company’s stock after buying an additional 661 shares during the period. Syon Capital LLC’s holdings in D.R. Horton were worth $666,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Evergreen Capital Management LLC boosted its holdings in D.R. Horton by 53.7% in the 3rd quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock worth $1,074,000 after buying an additional 3,489 shares during the period. Voss Capital LLC bought a new position in D.R. Horton in the 4th quarter valued at $7,599,000. Los Angeles Capital Management LLC boosted its holdings in D.R. Horton by 390.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock valued at $79,884,000 after purchasing an additional 591,787 shares during the period. SteelPeak Wealth LLC bought a new position in D.R. Horton in the 3rd quarter valued at $218,000. Finally, Handelsbanken Fonder AB boosted its holdings in D.R. Horton by 20.5% in the 4th quarter. Handelsbanken Fonder AB now owns 97,275 shares of the construction company’s stock valued at $14,784,000 after purchasing an additional 16,573 shares during the period. 90.63% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Barbara K. Allen sold 1,748 shares of D.R. Horton 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 sale, the director now owns 5,650 shares of the company’s stock, valued at approximately $809,419. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Barbara K. Allen sold 1,748 shares of the business’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 sale, the director now owns 5,650 shares of the company’s stock, valued at $809,419. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,560 shares of company stock valued at $4,279,636. Corporate insiders own 1.74% of the company’s stock.

D.R. Horton Trading Up 0.8 %

Shares of DHI stock traded up $1.13 during mid-day trading on Friday, reaching $145.33. The stock had a trading volume of 1,905,175 shares, compared to its average volume of 2,571,037. The stock’s 50-day moving average price is $151.91 and its two-hundred day moving average price is $139.83. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $165.75. The firm has a market capitalization of $47.86 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64. 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 released its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. The firm had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.73 earnings per share. Equities 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 business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s payout ratio is 8.17%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DHI shares. UBS Group raised their price objective on shares of D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Royal Bank of Canada lowered their price objective on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a research report on Friday, April 19th. Seaport Res Ptn cut shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Barclays lowered 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 research report on Friday, April 19th. Finally, The Goldman Sachs Group raised their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $158.06.

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.