D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Western Financial Corp CA

Western Financial Corp CA lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 12.5% during the fourth quarter, Holdings Channel reports. The fund owned 5,088 shares of the construction company’s stock after acquiring an additional 565 shares during the period. Western Financial Corp CA’s holdings in D.R. Horton were worth $711,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DHI. Coastline Trust Co purchased a new stake in D.R. Horton during the 3rd quarter worth about $26,000. Rakuten Securities Inc. grew its position in shares of D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton increased its stake in shares of D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after buying an additional 165 shares during the period. Wolff Wiese Magana LLC grew its holdings in D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after acquiring an additional 196 shares in the last quarter. Finally, Grove Bank & Trust increased its position in shares of D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after purchasing an additional 93 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Price Performance

Shares of DHI opened at $141.88 on Friday. The company has a market capitalization of $44.71 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 0.57 and a beta of 1.75. D.R. Horton, Inc. has a fifty-two week low of $133.02 and a fifty-two week high of $199.85. The firm has a 50-day simple moving average of $148.24 and a 200-day simple moving average of $168.82. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate 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 business had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the prior year, the business earned $2.82 earnings per share. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 13.71 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on DHI. JMP Securities reaffirmed a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Royal Bank of Canada reaffirmed an “underperform” rating and set a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Barclays cut their target price on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price target for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Finally, BTIG Research lowered their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $170.20.

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.