Golden State Equity Partners Purchases 3,171 Shares of D.R. Horton, Inc. (NYSE:DHI)

Golden State Equity Partners boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 435.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,899 shares of the construction company's stock after buying an additional 3,171 shares during the quarter. Golden State Equity Partners' holdings in D.R. Horton were worth $545,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. increased its holdings in D.R. Horton by 3.4% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,031 shares of the construction company's stock worth $1,263,000 after acquiring an additional 294 shares in the last quarter. Western Financial Corp CA boosted its position in shares of D.R. Horton by 12.5% in the fourth quarter. Western Financial Corp CA now owns 5,088 shares of the construction company's stock worth $711,000 after purchasing an additional 565 shares during the period. Mediolanum International Funds Ltd increased its stake in shares of D.R. Horton by 11.7% in the fourth quarter. Mediolanum International Funds Ltd now owns 72,756 shares of the construction company's stock worth $10,129,000 after purchasing an additional 7,599 shares in the last quarter. Westhampton Capital LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at $210,000. Finally, Swedbank AB boosted its holdings in D.R. Horton by 27.0% in the 4th quarter. Swedbank AB now owns 427,045 shares of the construction company's stock worth $59,709,000 after buying an additional 90,776 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

Shares of DHI traded down $2.92 during trading hours on Thursday, hitting $136.00. 5,360,243 shares of the company were exchanged, compared to its average volume of 3,515,730. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The company has a market capitalization of $42.86 billion, a PE ratio of 9.61, a PEG ratio of 0.60 and a beta of 1.76. The firm has a fifty day simple moving average of $146.33 and a 200-day simple moving average of $168.24. D.R. Horton, Inc. has a one year low of $133.02 and a one year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter last year, the business posted $2.82 EPS. D.R. Horton's revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 13.05 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a $0.40 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.18%. D.R. Horton's payout ratio is currently 11.31%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DHI shares. Evercore ISI cut their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an "outperform" rating for the company in a report on Wednesday, October 30th. Wedbush reiterated a "neutral" rating and issued a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. Citigroup dropped their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Wells Fargo & Company reduced their price target on shares of D.R. Horton from $190.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 17th. Finally, UBS Group dropped their target price on D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $170.93.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by insiders.

D.R. Horton 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.