AIA Group Ltd Purchases 13,125 Shares of D.R. Horton, Inc. $DHI

Key Points

• AIA Group Ltd raised its D.R. Horton stake by 139.8%, buying 13,125 shares to hold 22,511 shares worth about $3.82M, and several other large institutions (including Capital World Investors and Berkshire Hathaway) also added sizable positions, leaving institutional ownership at 90.63%.
• D.R. Horton beat Q results (EPS $2.03 vs. $1.98 estimate; revenue $6.89B vs. $6.66B) but revenue fell 9.5% year-over-year, and the stock carries a ~$40.0B market cap with a consensus analyst rating of Hold and a $159.93 price target.
• The company pays a quarterly dividend of $0.45 (annualized $1.80, yield ~1.3%), insiders own 0.66% of shares, and an SVP recently sold 260 shares.

AIA Group Ltd raised its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 139.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,511 shares of the construction company's stock after purchasing an additional 13,125 shares during the period. AIA Group Ltd's holdings in D.R. Horton were worth $3,815,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DHI. Capital World Investors boosted its stake in D.R. Horton by 159.8% in the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company's stock valued at $5,126,995,000 after buying an additional 18,607,545 shares in the last quarter. Norges Bank acquired a new position in D.R. Horton during the second quarter worth about $494,278,000. Capital International Investors acquired a new position in D.R. Horton during the third quarter worth about $395,179,000. Boston Partners bought a new position in shares of D.R. Horton in the third quarter worth about $274,784,000. Finally, Berkshire Hathaway Inc acquired a new stake in shares of D.R. Horton in the 2nd quarter valued at approximately $191,491,000. 90.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the sale, the senior vice president owned 6,457 shares of the company's stock, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.66% of the stock is owned by insiders.

D.R. Horton Stock Performance

NYSE DHI opened at $138.09 on Friday. The company has a market capitalization of $40.01 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 2.12 and a beta of 1.43. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $184.54. The stock has a fifty day simple moving average of $154.58 and a 200 day simple moving average of $155.74.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.98 by $0.05. The firm had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The business's quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.61 EPS. Sell-side analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were issued a $0.45 dividend. The ex-dividend date was Thursday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.3%. D.R. Horton's dividend payout ratio is presently 16.35%.

Wall Street Analyst Weigh In

DHI has been the subject of a number of research analyst reports. BTIG Research set a $182.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 21st. Citizens Jmp restated a "market perform" rating on shares of D.R. Horton in a research report on Wednesday, January 7th. UBS Group reaffirmed a "buy" rating on shares of D.R. Horton in a research note on Thursday, March 12th. Keefe, Bruyette & Woods reiterated a "reduce" rating on shares of D.R. Horton in a report on Tuesday, January 27th. Finally, Citigroup dropped their price target on D.R. Horton from $163.00 to $154.00 and set a "neutral" rating for the company in a research note on Thursday, January 8th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of "Hold" and a consensus price target of $159.93.

D.R. Horton Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company's core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.

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