BloombergSen Inc. Has $83.37 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Key Points

• BloombergSen Inc. reduced its stake in D.R. Horton by 1.7%, owning 655,757 shares valued at approximately $83.37 million, making it the 8th largest position in their portfolio.
• Analysts have revised their price targets for D.R. Horton, with estimates ranging from $110.00 to $180.00; the average rating on the stock is "Hold" with a target price of $153.23.
• D.R. Horton announced a quarterly dividend of $0.40 per share, reflecting an annual yield of 1.10% and a payout ratio of 12.83%.

BloombergSen Inc. lessened its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 655,757 shares of the construction company's stock after selling 11,499 shares during the period. D.R. Horton accounts for approximately 5.2% of BloombergSen Inc.'s portfolio, making the stock its 8th largest position. BloombergSen Inc. owned approximately 0.21% of D.R. Horton worth $83,366,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DHI. Exchange Traded Concepts LLC boosted its stake in shares of D.R. Horton by 25.0% during the first quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company's stock worth $325,000 after buying an additional 511 shares during the period. Bank Pictet & Cie Europe AG increased its stake in shares of D.R. Horton by 1.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after purchasing an additional 5,052 shares in the last quarter. OneAscent Financial Services LLC increased its stake in shares of D.R. Horton by 21.2% during the 4th quarter. OneAscent Financial Services LLC now owns 3,325 shares of the construction company's stock worth $465,000 after purchasing an additional 582 shares in the last quarter. Ritholtz Wealth Management increased its stake in shares of D.R. Horton by 6.5% during the 1st quarter. Ritholtz Wealth Management now owns 2,124 shares of the construction company's stock worth $270,000 after purchasing an additional 129 shares in the last quarter. Finally, MQS Management LLC acquired a new stake in D.R. Horton during the first quarter worth approximately $1,132,000. Institutional investors and hedge funds own 90.63% of the company's stock.

Wall Street Analyst Weigh In

DHI has been the topic of a number of research analyst reports. JMP Securities decreased their price target on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a report on Monday, April 21st. The Goldman Sachs Group dropped their target price on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Barclays dropped their price objective on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Royal Bank Of Canada set a $117.00 target price on shares of D.R. Horton and gave the stock an "underperform" rating in a research report on Wednesday. Finally, Wells Fargo & Company increased their price objective on shares of D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, D.R. Horton has an average rating of "Hold" and an average target price of $153.23.

D.R. Horton Stock Performance

Shares of DHI traded up $0.76 during trading hours on Friday, hitting $145.46. The company had a trading volume of 3,708,392 shares, compared to its average volume of 4,832,295. The firm has a market cap of $43.36 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 3.15 and a beta of 1.38. The business has a fifty day moving average of $128.00 and a 200-day moving average of $129.22. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The company has a quick ratio of 1.15, a current ratio of 7.06 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.90 by $0.46. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The firm had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the prior year, the company posted $4.10 earnings per share. The business's revenue for the quarter was down 7.4% on a year-over-year basis. Equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 1.10%. D.R. Horton's payout ratio is 12.83%.

Insider Transactions at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the sale, the director owned 2,193 shares in the company, valued at $280,046.10. The trade was a 49.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.54% of the company's stock.

D.R. Horton Company 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.