Paradiem LLC Acquires 11,584 Shares of D.R. Horton, Inc. (NYSE:DHI)

Paradiem LLC boosted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 36.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,346 shares of the construction company’s stock after purchasing an additional 11,584 shares during the quarter. D.R. Horton comprises 1.6% of Paradiem LLC’s holdings, making the stock its 27th largest holding. Paradiem LLC’s holdings in D.R. Horton were worth $6,061,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. KBC Group NV increased its holdings in D.R. Horton by 360.0% in the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after purchasing an additional 212,112 shares in the last quarter. Legacy CG LLC bought a new stake in D.R. Horton in the third quarter worth approximately $4,220,000. Toronto Dominion Bank increased its holdings in D.R. Horton by 17.3% in the third 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 in the last quarter. Pensionfund Sabic increased its holdings in D.R. Horton by 70.2% in the fourth 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 in the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in D.R. Horton by 904.4% in the third quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock worth $7,795,000 after purchasing an additional 36,780 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DHI has been the subject of a number of research reports. Citigroup reduced their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group reduced their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. JMP Securities reissued a “market outperform” rating and issued a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday. Finally, Wedbush reissued a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $174.53.

D.R. Horton Stock Up 2.3 %

DHI stock opened at $147.01 on Thursday. The stock’s fifty day simple moving average is $151.09 and its two-hundred day simple moving average is $169.16. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 1-year low of $133.02 and a 1-year high of $199.85. The stock has a market cap of $47.17 billion, a P/E ratio of 10.24, a P/E/G ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7,120,170 billion. During the same quarter in the previous year, the firm earned $2.82 earnings per share. The business’s revenue was down 1.5% on a year-over-year basis. Analysts expect that D.R. Horton, Inc. will post 13.97 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.09%. D.R. Horton’s dividend payout ratio is currently 11.14%.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the SEC, which can be accessed 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.