Foundry Partners LLC Takes Position in D.R. Horton, Inc. (NYSE:DHI)

Foundry Partners LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,708 shares of the construction company’s stock, valued at approximately $260,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DHI. Oakworth Capital Inc. acquired a new position in shares of D.R. Horton during the fourth quarter worth $38,000. BluePath Capital Management LLC bought a new stake in D.R. Horton during the third quarter valued at $33,000. Friedenthal Financial bought a new stake in D.R. Horton in the 4th quarter valued at about $47,000. AdvisorNet Financial Inc increased its position in D.R. Horton by 81.8% in the 4th quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock valued at $55,000 after buying an additional 162 shares in the last quarter. Finally, ORG Partners LLC increased its position in D.R. Horton by 37,500.0% in the 4th quarter. ORG Partners LLC now owns 376 shares of the construction company’s stock valued at $57,000 after buying an additional 375 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $143.12 on Tuesday. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $165.75. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $151.81 and its 200-day moving average price is $139.44. The company has a market capitalization of $47.49 billion, a PE ratio of 9.74, a PEG ratio of 0.70 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. During the same quarter in the prior year, the business earned $2.73 earnings per share. D.R. Horton’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, equities analysts anticipate that D.R. Horton, Inc. will post 14.25 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be paid a $0.30 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.84%. D.R. Horton’s dividend payout ratio is presently 8.17%.

Insider Activity at D.R. Horton

In related news, insider David V. Auld sold 25,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at $844,053.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the sale, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The disclosure for this sale can be found here. Insiders have sold a total of 27,197 shares of company stock valued at $4,225,745 over the last 90 days. 1.74% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on DHI shares. Citigroup boosted their target price on D.R. Horton from $166.00 to $191.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Keefe, Bruyette & Woods decreased their target price on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, January 24th. Raymond James boosted their target price on D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Wedbush reaffirmed an “underperform” rating and issued a $130.00 target price on shares of D.R. Horton in a research report on Thursday, April 18th. Finally, Royal Bank of Canada cut their price target on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research note on Friday. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.06.

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.