Alaska Permanent Fund Corp Buys Shares of 2,853 D.R. Horton, Inc. (NYSE:DHI)

Alaska Permanent Fund Corp acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,853 shares of the construction company’s stock, valued at approximately $434,000.

Several other institutional investors and hedge funds have also bought and sold shares of DHI. Oakworth Capital Inc. purchased a new position in shares of D.R. Horton in the fourth quarter worth approximately $38,000. BluePath Capital Management LLC purchased a new position in shares of D.R. Horton during the 3rd quarter worth $33,000. Friedenthal Financial purchased a new stake in shares of D.R. Horton in the 4th quarter worth $47,000. AdvisorNet Financial Inc increased its stake in shares of D.R. Horton by 81.8% in the 4th quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock worth $55,000 after purchasing an additional 162 shares in the last quarter. Finally, ORG Partners LLC raised its stake in shares of D.R. Horton by 37,500.0% in the fourth quarter. ORG Partners LLC now owns 376 shares of the construction company’s stock worth $57,000 after buying an additional 375 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at D.R. Horton

In related news, insider David V. Auld sold 25,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were 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 in the company, valued at approximately $120,862,005.93. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,560 shares of company stock worth $4,279,636. 1.74% of the stock is currently owned by insiders.

D.R. Horton Trading Up 0.8 %

Shares of NYSE:DHI opened at $145.30 on Friday. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $165.75. The company has a market capitalization of $47.85 billion, a PE ratio of 9.89, a P/E/G ratio of 0.72 and a beta of 1.64. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The business’s fifty day simple moving average is $151.99 and its 200-day simple moving average is $140.10.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.44. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. D.R. Horton’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.73 EPS. As a group, equities research analysts predict that D.R. Horton, Inc. will post 14.28 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.83%. D.R. Horton’s dividend payout ratio is currently 8.17%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DHI. UBS Group boosted their price objective on D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Raymond James upped their price objective on D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Bank of America decreased their target price on D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Barclays dropped their price target on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Finally, Seaport Res Ptn cut shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, D.R. Horton presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.06.

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.