Somerset Trust Co Acquires 716 Shares of D.R. Horton, Inc. (NYSE:DHI)

Somerset Trust Co lifted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 47.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,213 shares of the construction company’s stock after purchasing an additional 716 shares during the quarter. Somerset Trust Co’s holdings in D.R. Horton were worth $309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of DHI. Mutual of America Capital Management LLC lifted its position in D.R. Horton by 2.2% during the second quarter. Mutual of America Capital Management LLC now owns 49,703 shares of the construction company’s stock valued at $7,005,000 after purchasing an additional 1,063 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of D.R. Horton by 15.2% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,822 shares of the construction company’s stock valued at $680,000 after buying an additional 638 shares during the period. XTX Topco Ltd bought a new position in shares of D.R. Horton during the 2nd quarter valued at $1,737,000. Inspire Investing LLC grew its holdings in shares of D.R. Horton by 145.2% in the second quarter. Inspire Investing LLC now owns 7,945 shares of the construction company’s stock worth $1,120,000 after acquiring an additional 4,705 shares during the period. Finally, Intech Investment Management LLC increased its position in D.R. Horton by 829.7% during the second quarter. Intech Investment Management LLC now owns 68,085 shares of the construction company’s stock valued at $9,595,000 after acquiring an additional 60,762 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Up 0.8 %

NYSE DHI opened at $147.83 on Friday. D.R. Horton, Inc. has a 12 month low of $133.02 and a 12 month high of $199.85. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The stock has a market cap of $47.43 billion, a PE ratio of 10.29, a P/E/G ratio of 0.51 and a beta of 1.75. The stock’s 50 day moving average is $151.85 and its 200 day moving average is $168.56.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. D.R. Horton’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm posted $4.45 EPS. Research analysts predict that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.40 per share. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.08%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Royal Bank of Canada dropped their target price on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 30th. Evercore ISI cut their target price on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Wedbush reiterated a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a research report on Friday. Citigroup cut their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $176.20.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

D.R. Horton 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.