National Pension Service Boosts Stake in D.R. Horton, Inc. (NYSE:DHI)

National Pension Service grew its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,013,722 shares of the construction company's stock after acquiring an additional 33,110 shares during the quarter. National Pension Service owned about 0.31% of D.R. Horton worth $154,065,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Oakworth Capital Inc. purchased a new stake in shares of D.R. Horton during the fourth quarter worth about $38,000. Friedenthal Financial acquired a new position in D.R. Horton in the 4th quarter valued at $47,000. AdvisorNet Financial Inc lifted its stake in shares of D.R. Horton by 81.8% during the 4th quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company's stock worth $55,000 after purchasing an additional 162 shares during the period. EdgeRock Capital LLC purchased a new position in shares of D.R. Horton during the 4th quarter worth $55,000. Finally, ORG Partners LLC boosted its holdings in shares of D.R. Horton by 37,500.0% during the fourth quarter. ORG Partners LLC now owns 376 shares of the construction company's stock worth $57,000 after purchasing an additional 375 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Down 2.4 %

NYSE DHI traded down $3.65 during mid-day trading on Wednesday, reaching $147.75. 2,849,962 shares of the company's stock traded hands, compared to its average volume of 2,541,169. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75. The company has a fifty day simple moving average of $152.32 and a 200-day simple moving average of $142.72. The company has a market cap of $48.66 billion, a price-to-earnings ratio of 10.06, a P/E/G ratio of 0.73 and a beta of 1.66.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping analysts' consensus estimates of $3.08 by $0.44. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.73 earnings per share. As a group, equities research analysts expect that D.R. Horton, Inc. will post 14.31 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be paid a $0.30 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.81%. D.R. Horton's dividend payout ratio (DPR) is 8.17%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DHI shares. Seaport Res Ptn downgraded D.R. Horton from a "buy" rating to a "neutral" rating in a research report on Monday, January 22nd. Jefferies Financial Group increased their target price on D.R. Horton from $141.00 to $153.00 and gave the stock a "hold" rating in a research report on Friday, April 19th. Bank of America cut their price objective on D.R. Horton from $182.00 to $168.00 and set a "buy" rating on the stock in a report on Friday, April 19th. Keefe, Bruyette & Woods boosted their target price on D.R. Horton from $172.00 to $178.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, UBS Group raised their price target on shares of D.R. Horton from $192.00 to $200.00 and gave the company a "buy" rating in a report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $158.41.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 363 shares of the company'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 directly owns 5,650 shares of the company's stock, valued at approximately $838,799. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Barbara K. Allen sold 363 shares of the business'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 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara K. Allen sold 449 shares of the company'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 transaction, the director now 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 a total of 27,812 shares of company stock valued at $4,330,617 over the last three months. 1.74% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.