OFI Invest Asset Management Raises Holdings in D.R. Horton, Inc. $DHI

Key Points

• OFI Invest Asset Management boosted its stake in D.R. Horton by 120.1% in Q4 to 267,406 shares (about $38.5M), and institutional investors now own roughly 90.63% of the company.
• D.R. Horton reported Q4 EPS of $2.03 (vs. $1.98 est.) and revenue of $6.89B (above estimates but down 9.5% YoY); the stock trades at a 12.95 P/E with a market cap of about $41.3B.
• The company pays a quarterly dividend of $0.45 (1.3% yield), and analyst coverage is mixed with a consensus "Hold" rating and an average target price of $159.33.

OFI Invest Asset Management increased its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 120.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 267,406 shares of the construction company's stock after purchasing an additional 145,929 shares during the quarter. OFI Invest Asset Management owned 0.09% of D.R. Horton worth $38,514,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DHI. Integrated Wealth Concepts LLC lifted its holdings in shares of D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company's stock worth $538,000 after purchasing an additional 803 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company's stock worth $77,000 after purchasing an additional 455 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of D.R. Horton during the second quarter worth about $302,000. Brown Advisory Inc. lifted its holdings in shares of D.R. Horton by 3.4% during the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company's stock worth $815,000 after purchasing an additional 208 shares during the period. Finally, Cerity Partners LLC lifted its holdings in D.R. Horton by 8.9% in the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company's stock valued at $4,503,000 after acquiring an additional 2,859 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $142.57 on Thursday. The firm has a market cap of $41.30 billion, a PE ratio of 12.95, a PEG ratio of 2.17 and a beta of 1.44. The firm has a fifty day moving average of $149.60 and a 200 day moving average of $151.99. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $184.54.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.05. The business had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company's revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.61 earnings per share. As a group, research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

Insider Buying and Selling

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the business's stock in a transaction that occurred on Friday, February 13th. The stock was 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 directly owned 6,457 shares in the company, valued at approximately $1,081,870.35. The trade was a 3.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.66% of the company's stock.

Wall Street Analyst Weigh In

DHI has been the subject of a number of analyst reports. Argus boosted their price target on D.R. Horton from $175.00 to $185.00 and gave the company a "buy" rating in a report on Friday, January 23rd. Citizens Jmp reissued a "market perform" rating on shares of D.R. Horton in a report on Wednesday, January 7th. Keefe, Bruyette & Woods reissued a "reduce" rating on shares of D.R. Horton in a report on Tuesday, January 27th. Evercore boosted their price target on D.R. Horton from $167.00 to $169.00 and gave the company an "in-line" rating in a report on Wednesday, January 21st. Finally, Zacks Research raised D.R. Horton from a "strong sell" rating to a "hold" rating in a report on Friday, March 27th. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $159.33.

About D.R. Horton

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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