D. R. Horton Inc (NYSE:DHI) Shares Bought by Hilton Capital Management LLC

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Hilton Capital Management LLC boosted its position in D. R. Horton Inc (NYSE:DHI) by 5.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 428,447 shares of the construction company’s stock after acquiring an additional 23,266 shares during the quarter. D. R. Horton accounts for 2.4% of Hilton Capital Management LLC’s investment portfolio, making the stock its 17th biggest position. Hilton Capital Management LLC’s holdings in D. R. Horton were worth $17,729,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Westpac Banking Corp grew its holdings in shares of D. R. Horton by 33.1% during the first quarter. Westpac Banking Corp now owns 61,071 shares of the construction company’s stock valued at $2,527,000 after purchasing an additional 15,200 shares during the last quarter. Andra AP fonden bought a new position in shares of D. R. Horton during the first quarter valued at approximately $7,138,000. Neuburgh Advisers LLC grew its holdings in shares of D. R. Horton by 3.0% during the first quarter. Neuburgh Advisers LLC now owns 15,268 shares of the construction company’s stock valued at $632,000 after purchasing an additional 440 shares during the last quarter. Loews Corp grew its holdings in shares of D. R. Horton by 105.5% during the first quarter. Loews Corp now owns 5,500 shares of the construction company’s stock valued at $228,000 after purchasing an additional 105,500 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its holdings in shares of D. R. Horton by 9.7% during the first quarter. Wealthfront Advisers LLC now owns 6,455 shares of the construction company’s stock valued at $267,000 after purchasing an additional 570 shares during the last quarter. Institutional investors own 87.19% of the company’s stock.

NYSE:DHI traded up $0.38 during trading hours on Friday, hitting $45.84. 67,258 shares of the stock traded hands, compared to its average volume of 3,291,557. The company has a quick ratio of 0.83, a current ratio of 7.27 and a debt-to-equity ratio of 0.38. D. R. Horton Inc has a fifty-two week low of $32.39 and a fifty-two week high of $47.02. The company has a market cap of $16.81 billion, a P/E ratio of 11.20, a price-to-earnings-growth ratio of 1.05 and a beta of 1.19.

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, beating the 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 company had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the previous year, the business earned $0.91 EPS. The company’s revenue was up 8.8% on a year-over-year basis. Equities research analysts anticipate that D. R. Horton Inc will post 3.92 earnings per share for the current year.

The company also recently announced 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. This represents a $0.60 annualized dividend and a yield of 1.31%. The ex-dividend date was Friday, May 10th. D. R. Horton’s dividend payout ratio (DPR) is currently 14.67%.

In other D. R. Horton news, Director Michael W. Hewatt sold 1,833 shares of the 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 transaction, the director now directly owns 9,000 shares of the company’s stock, valued at $360,540. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael W. Hewatt sold 2,000 shares of the 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 transaction, the director now directly owns 9,000 shares in the company, valued at $371,520. The disclosure for this sale can be found here. 6.87% of the stock is owned by insiders.

Several equities analysts have recently commented on the company. KeyCorp upped their target price on D. R. Horton from $45.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, June 6th. Buckingham Research boosted their price objective on D. R. Horton from $45.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. JMP Securities boosted their price objective on D. R. Horton from $44.00 to $49.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Royal Bank of Canada set a $43.00 price objective on D. R. Horton and gave the stock a “hold” rating in a research report on Friday, April 26th. Finally, Barclays set a $46.00 price objective on D. R. Horton and gave the stock a “buy” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. D. R. Horton currently has a consensus rating of “Buy” and a consensus target price of $47.23.

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D. R. Horton Profile

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.

Read More: Cost of equity and a company’s balance sheet

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

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