Weaver Capital Management LLC Buys 152 Shares of D.R. Horton, Inc. (NYSE:DHI)

Weaver Capital Management LLC lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,994 shares of the construction company’s stock after acquiring an additional 152 shares during the quarter. Weaver Capital Management LLC’s holdings in D.R. Horton were worth $698,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. KBC Group NV grew its stake in shares of D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after acquiring an additional 212,112 shares during the period. Golden State Equity Partners boosted its stake in D.R. Horton by 435.6% in the 4th quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock worth $545,000 after purchasing an additional 3,171 shares during the period. Legacy CG LLC bought a new position in D.R. Horton in the 3rd quarter worth approximately $4,220,000. Toronto Dominion Bank boosted its stake in D.R. Horton by 17.3% in the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock worth $20,025,000 after purchasing an additional 15,460 shares during the period. Finally, Pensionfund Sabic boosted its stake in D.R. Horton by 70.2% in the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock worth $1,356,000 after purchasing an additional 4,000 shares during the period. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $139.73 on Wednesday. The firm has a market cap of $44.03 billion, a P/E ratio of 9.87, a P/E/G ratio of 0.60 and a beta of 1.76. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 12 month low of $133.02 and a 12 month high of $199.85. The stock’s fifty day moving average price is $147.52 and its 200-day moving average price is $168.69.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the company earned $2.82 earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities research analysts expect that D.R. Horton, Inc. will post 13.05 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s payout ratio is currently 11.31%.

Analyst Ratings Changes

Several research firms have weighed in on DHI. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Bank of America downgraded D.R. Horton from a “buy” rating to a “neutral” rating and lowered their target price for the company from $160.00 to $150.00 in a research report on Monday, January 27th. Evercore ISI lowered their target price on 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 set a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Finally, Citigroup lowered their target price on 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $170.93.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by corporate insiders.

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.