D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Machina Capital S.A.S.

Machina Capital S.A.S. cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 60.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,310 shares of the construction company's stock after selling 6,723 shares during the quarter. Machina Capital S.A.S.'s holdings in D.R. Horton were worth $655,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DHI. Maryland State Retirement & Pension System boosted its holdings in D.R. Horton by 1.9% in the 4th quarter. Maryland State Retirement & Pension System now owns 24,214 shares of the construction company's stock valued at $3,680,000 after purchasing an additional 453 shares during the last quarter. Summit Trail Advisors LLC acquired a new position in shares of D.R. Horton in the 4th quarter worth approximately $233,000. Spire Wealth Management lifted its holdings in shares of D.R. Horton by 282.6% in the 4th quarter. Spire Wealth Management now owns 2,778 shares of the construction company's stock worth $431,000 after acquiring an additional 2,052 shares during the last quarter. TCI Wealth Advisors Inc. acquired a new position in shares of D.R. Horton in the 4th quarter worth approximately $217,000. Finally, TCG Advisory Services LLC lifted its holdings in shares of D.R. Horton by 16.2% in the 4th quarter. TCG Advisory Services LLC now owns 49,700 shares of the construction company's stock worth $7,553,000 after acquiring an additional 6,919 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DHI. JMP Securities upped their price objective on shares of D.R. Horton from $140.00 to $170.00 and gave the stock a "market outperform" rating in a report on Wednesday, January 24th. Seaport Res Ptn lowered shares of D.R. Horton from a "buy" rating to a "neutral" rating in a report on Monday, January 22nd. Royal Bank of Canada cut their target price on shares of D.R. Horton from $142.00 to $141.00 and set an "underperform" rating on the stock in a research note on Friday, April 19th. Raymond James upped their target price on shares of D.R. Horton from $140.00 to $160.00 and gave the stock an "outperform" rating in a research note on Thursday, February 1st. Finally, Jefferies Financial Group upped their target price on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a "hold" rating in a research note on Friday, April 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, D.R. Horton presently has a consensus rating of "Moderate Buy" and an average price target of $158.06.

Insider Activity at D.R. Horton

In other news, Director Barbara K. Allen sold 363 shares of the firm's stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the transaction, the director now owns 5,650 shares in the company, valued at approximately $838,799. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the firm's stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the completion of the transaction, the director now directly owns 1,703 shares in the company, valued at $256,642.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Barbara K. Allen sold 363 shares of the firm's stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the sale, the director now owns 5,650 shares of the company's stock, valued at $838,799. The disclosure for this sale can be found here. Insiders sold 27,812 shares of company stock worth $4,330,617 in the last 90 days. Corporate insiders own 1.74% of the company's stock.

D.R. Horton Stock Up 1.9 %

Shares of DHI stock traded up $2.78 on Monday, hitting $151.26. The stock had a trading volume of 1,548,154 shares, compared to its average volume of 2,539,013. The firm has a market capitalization of $49.81 billion, a price-to-earnings ratio of 10.30, a P/E/G ratio of 0.73 and a beta of 1.66. The stock's 50 day moving average is $152.20 and its 200-day moving average is $142.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. 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 posted its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.44. The firm had revenue of $9.11 billion for the quarter, compared to analysts' expectations of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The firm's quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.73 earnings per share. As a group, research analysts expect that D.R. Horton, Inc. will post 14.31 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.79%. D.R. Horton's dividend payout ratio is currently 8.17%.

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.

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