Townsend & Associates Inc Has $11.79 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

Townsend & Associates Inc boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 121.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,714 shares of the construction company's stock after purchasing an additional 46,436 shares during the period. Townsend & Associates Inc's holdings in D.R. Horton were worth $11,793,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC raised its holdings in shares of D.R. Horton by 53.7% in the third quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company's stock worth $1,074,000 after buying an additional 3,489 shares during the period. Voss Capital LLC bought a new position in shares of D.R. Horton in the fourth quarter worth about $7,599,000. Los Angeles Capital Management LLC increased its stake in D.R. Horton by 390.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company's stock worth $79,884,000 after buying an additional 591,787 shares during the period. SteelPeak Wealth LLC bought a new stake in D.R. Horton during the 3rd quarter valued at about $218,000. Finally, Handelsbanken Fonder AB raised its stake in shares of D.R. Horton by 20.5% during the fourth quarter. Handelsbanken Fonder AB now owns 97,275 shares of the construction company's stock valued at $14,784,000 after acquiring an additional 16,573 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Seaport Res Ptn cut D.R. Horton from a "buy" rating to a "neutral" rating in a report on Monday, January 22nd. Citigroup boosted their price target on shares of D.R. Horton from $166.00 to $191.00 and gave the company a "buy" rating in a report on Friday, April 5th. JMP Securities lifted their price objective on shares of D.R. Horton from $140.00 to $170.00 and gave the company a "market outperform" rating in a report on Wednesday, January 24th. Raymond James boosted their price objective 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, The Goldman Sachs Group lifted their price target on D.R. Horton from $150.00 to $173.00 and gave the company a "buy" rating in a report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $158.41.

D.R. Horton Stock Performance

Shares of NYSE DHI traded up $1.76 during mid-day trading on Thursday, hitting $149.50. The stock had a trading volume of 4,040,180 shares, compared to its average volume of 2,559,367. The firm has a market cap of $49.23 billion, a PE ratio of 10.18, a PEG ratio of 0.73 and a beta of 1.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The company has a 50 day moving average of $152.36 and a two-hundred day moving average of $142.80. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $165.75.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating analysts' consensus estimates of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. During the same period in the prior year, the company earned $2.73 earnings per share. The company's revenue was up 14.2% on a year-over-year basis. Research analysts predict that D.R. Horton, Inc. will post 14.31 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors 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 dividend on an annualized basis and a yield of 0.80%. D.R. Horton's dividend payout ratio is presently 8.17%.

Insider Buying and Selling at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,000 shares of the business's stock in a transaction dated Monday, May 6th. The stock was 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 owns 1,703 shares of the company's stock, valued at approximately $256,642.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the company's stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the transaction, the director now owns 5,650 shares in the company, valued at $838,799. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 sale, the director now owns 1,703 shares in the company, valued at $256,642.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,812 shares of company stock valued at $4,330,617. 1.74% of the stock is owned by insiders.

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.