Andra AP fonden acquired a new stake in shares of D. R. Horton Inc (NYSE:DHI) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 172,500 shares of the construction company’s stock, valued at approximately $7,138,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Shine Investment Advisory Services Inc. raised its position in shares of D. R. Horton by 22.2% in the first quarter. Shine Investment Advisory Services Inc. now owns 1,374 shares of the construction company’s stock valued at $57,000 after purchasing an additional 250 shares during the period. JOYN Advisors Inc. raised its position in shares of D. R. Horton by 37.0% in the fourth quarter. JOYN Advisors Inc. now owns 993 shares of the construction company’s stock valued at $34,000 after purchasing an additional 268 shares during the period. Alpine Woods Capital Investors LLC raised its position in shares of D. R. Horton by 0.4% in the first quarter. Alpine Woods Capital Investors LLC now owns 82,326 shares of the construction company’s stock valued at $3,407,000 after purchasing an additional 300 shares during the period. LS Investment Advisors LLC raised its position in shares of D. R. Horton by 1.5% in the first quarter. LS Investment Advisors LLC now owns 21,330 shares of the construction company’s stock valued at $883,000 after purchasing an additional 310 shares during the period. Finally, Oakbrook Investments LLC raised its position in shares of D. R. Horton by 1.0% in the first quarter. Oakbrook Investments LLC now owns 36,090 shares of the construction company’s stock valued at $1,493,000 after purchasing an additional 350 shares during the period. 87.19% of the stock is currently owned by hedge funds and other institutional investors.

In other D. R. Horton news, Director Michael W. Hewatt sold 1,833 shares of D. R. Horton stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $40.06, for a total transaction of $73,429.98. Following the sale, the director now owns 9,000 shares in the company, valued at $360,540. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael W. Hewatt sold 2,000 shares of D. R. Horton stock in a transaction on Monday, March 25th. The stock was sold at an average price of $41.28, for a total transaction of $82,560.00. Following the sale, the director now owns 9,000 shares in the company, valued at approximately $371,520. The disclosure for this sale can be found here. 6.87% of the stock is owned by insiders.

Shares of DHI stock opened at $45.04 on Thursday. D. R. Horton Inc has a 1 year low of $32.39 and a 1 year high of $47.02. The firm has a market cap of $17.02 billion, a P/E ratio of 11.01, a P/E/G ratio of 1.06 and a beta of 1.19. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.83 and a current ratio of 7.27.

D. R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 25th. The construction company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.07. D. R. Horton had a net margin of 9.39% and a return on equity of 16.96%. The business had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. D. R. Horton’s revenue was up 8.8% compared to the same quarter last year. Analysts predict that D. R. Horton Inc will post 3.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.33%. D. R. Horton’s dividend payout ratio is currently 14.67%.

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods lowered shares of D. R. Horton from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $45.66 to $37.30 in a research report on Monday, April 22nd. Susquehanna Bancshares reissued a “neutral” rating and issued a $49.00 price target (up previously from $46.00) on shares of D. R. Horton in a research report on Wednesday, April 17th. Buckingham Research lifted their price target on shares of D. R. Horton from $45.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. KeyCorp lifted their price target on shares of D. R. Horton from $45.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. Finally, Royal Bank of Canada set a $43.00 price target on shares of D. R. Horton and gave the company a “hold” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $47.23.

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About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

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Institutional Ownership by Quarter for D. R. Horton (NYSE:DHI)

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