Pathstone Family Office LLC grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI – Get Rating) by 6.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 13,080 shares of the construction company’s stock after acquiring an additional 762 shares during the quarter. Pathstone Family Office LLC’s holdings in D.R. Horton were worth $881,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Brown Advisory Inc. lifted its position in shares of D.R. Horton by 16.6% during the 3rd quarter. Brown Advisory Inc. now owns 6,413 shares of the construction company’s stock valued at $431,000 after acquiring an additional 915 shares during the period. Assetmark Inc. lifted its position in shares of D.R. Horton by 87.0% during the 3rd quarter. Assetmark Inc. now owns 33,245 shares of the construction company’s stock valued at $2,239,000 after acquiring an additional 15,466 shares during the period. Ensign Peak Advisors Inc lifted its position in shares of D.R. Horton by 6.0% during the 3rd quarter. Ensign Peak Advisors Inc now owns 108,933 shares of the construction company’s stock valued at $7,336,000 after acquiring an additional 6,190 shares during the period. Texas Permanent School Fund lifted its position in shares of D.R. Horton by 5.7% during the 3rd quarter. Texas Permanent School Fund now owns 44,741 shares of the construction company’s stock valued at $3,013,000 after acquiring an additional 2,429 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its position in shares of D.R. Horton by 14.0% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 99,618 shares of the construction company’s stock valued at $6,709,000 after acquiring an additional 12,265 shares during the period. 84.87% of the stock is currently owned by institutional investors.
Insider Activity
In other news, Director Barbara K. Allen sold 1,748 shares of the stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $96.77, for a total value of $169,153.96. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at $546,750.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Barbara K. Allen sold 470 shares of the company’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $92.89, for a total transaction of $43,658.30. Following the sale, the director now owns 5,650 shares in the company, valued at approximately $524,828.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 1,748 shares of the company’s stock in a transaction dated Friday, January 27th. The shares were sold at an average price of $96.77, for a total value of $169,153.96. Following the sale, the director now owns 5,650 shares in the company, valued at approximately $546,750.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,218 shares of company stock valued at $2,903,212. Company insiders own 0.61% of the company’s stock.
D.R. Horton Price Performance
D.R. Horton (NYSE:DHI – Get Rating) last issued its quarterly earnings results on Tuesday, January 24th. The construction company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.49. The company had revenue of $7.26 billion during the quarter, compared to analysts’ expectations of $6.43 billion. D.R. Horton had a return on equity of 29.91% and a net margin of 16.85%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.17 earnings per share. Analysts anticipate that D.R. Horton, Inc. will post 9.18 earnings per share for the current fiscal year.
D.R. Horton Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 14th. Stockholders of record on Tuesday, February 7th were paid a $0.25 dividend. The ex-dividend date was Monday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. D.R. Horton’s payout ratio is 6.20%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the company. The Goldman Sachs Group upped their target price on D.R. Horton from $98.00 to $99.00 and gave the company a “neutral” rating in a research report on Tuesday, January 24th. Citigroup upped their price objective on D.R. Horton from $91.00 to $111.00 in a research report on Tuesday, January 10th. KeyCorp upped their price objective on D.R. Horton from $97.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday, January 26th. Oppenheimer initiated coverage on D.R. Horton in a research report on Wednesday, January 18th. They set a “market perform” rating for the company. Finally, Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Monday, January 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, D.R. Horton presently has an average rating of “Hold” and a consensus target price of $98.27.
D.R. Horton Company Profile
D.R. Horton, Inc operates as a home building company, which engages in the construction and sale of single-family housing. It operates through the following segments: Homebuilding, Forestar, Financial Services, Rental, and Others. The Homebuilding segment includes the acquisition and development of land and the construction and sale of residential homes.
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