AIA Group Ltd Buys Shares of 9,045 D.R. Horton, Inc. (NYSE:DHI)

AIA Group Ltd purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,045 shares of the construction company's stock, valued at approximately $1,375,000.

Several other large investors have also made changes to their positions in DHI. Clear Street Markets LLC bought a new stake in shares of D.R. Horton in the fourth quarter worth about $28,000. Fairfield Bush & CO. acquired a new stake in shares of D.R. Horton in the first quarter valued at approximately $28,000. Mascoma Wealth Management LLC lifted its position in shares of D.R. Horton by 345.6% in the third quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company's stock valued at $33,000 after buying an additional 235 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in shares of D.R. Horton in the third quarter valued at approximately $33,000. Finally, Oakworth Capital Inc. acquired a new stake in D.R. Horton during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Performance

Shares of DHI traded down $3.69 on Friday, reaching $142.19. 3,393,557 shares of the company's stock traded hands, compared to its average volume of 2,581,138. The company has a current ratio of 6.56, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The stock has a market cap of $47.18 billion, a PE ratio of 10.23, a PEG ratio of 0.72 and a beta of 1.64. The stock's 50 day simple moving average is $151.97 and its two-hundred day simple moving average is $138.42. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $165.75.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating analysts' consensus estimates of $3.08 by $0.44. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. D.R. Horton's revenue was up 14.2% on a year-over-year basis. During the same period last year, the business posted $2.73 earnings per share. On average, analysts forecast that D.R. Horton, Inc. will post 14.24 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Wednesday, May 1st. D.R. Horton's dividend payout ratio is currently 8.63%.

Insiders Place Their Bets

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the firm's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the sale, the insider now directly owns 773,121 shares of the company's stock, valued at $120,862,005.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider David V. Auld sold 25,000 shares of the firm's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now directly owns 773,121 shares of the company's stock, valued at $120,862,005.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barbara K. Allen sold 449 shares of the firm's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the transaction, the director now directly owns 5,650 shares of the company's stock, valued at $844,053.50. The disclosure for this sale can be found here. Insiders sold 27,197 shares of company stock valued at $4,225,745 over the last ninety days. 1.74% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wedbush reaffirmed an "underperform" rating and issued a $130.00 price objective on shares of D.R. Horton in a report on Thursday. Bank of America reduced their price objective on D.R. Horton from $182.00 to $168.00 and set a "buy" rating on the stock in a research report on Friday. Keefe, Bruyette & Woods reduced their price objective on D.R. Horton from $175.00 to $172.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 24th. Royal Bank of Canada reduced their price objective on D.R. Horton from $142.00 to $141.00 and set an "underperform" rating on the stock in a research report on Friday. Finally, UBS Group boosted their price objective on D.R. Horton from $192.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, D.R. Horton presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.06.

About D.R. Horton

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.