Pensionfund Sabic Increases Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Pensionfund Sabic increased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 70.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,700 shares of the construction company’s stock after buying an additional 4,000 shares during the period. Pensionfund Sabic’s holdings in D.R. Horton were worth $1,356,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DHI. KBC Group NV boosted its stake in shares of D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after buying an additional 212,112 shares during the last quarter. Legacy CG LLC acquired a new position in D.R. Horton during the 3rd quarter worth $4,220,000. Toronto Dominion Bank increased its position in shares of D.R. Horton by 17.3% in the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock worth $20,025,000 after purchasing an additional 15,460 shares during the last quarter. Benjamin Edwards Inc. raised its stake in shares of D.R. Horton by 904.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock valued at $7,795,000 after purchasing an additional 36,780 shares in the last quarter. Finally, Schear Investment Advisers LLC acquired a new stake in shares of D.R. Horton in the 3rd quarter valued at about $1,308,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Buying and Selling 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 shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wedbush upgraded D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective on the stock in a research note on Tuesday, October 15th. Evercore ISI dropped their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Bank of America lifted their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Barclays reissued an “equal weight” rating and set a $170.00 target price (down from $192.00) on shares of D.R. Horton in a report on Wednesday, December 11th. Finally, Citigroup decreased their price target 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $177.40.

D.R. Horton Stock Performance

DHI opened at $139.37 on Tuesday. The stock has a market cap of $44.71 billion, a PE ratio of 9.71, a P/E/G ratio of 0.57 and a beta of 1.75. D.R. Horton, Inc. has a 1 year low of $133.02 and a 1 year high of $199.85. The stock’s 50 day simple moving average is $156.76 and its 200-day simple moving average is $168.90. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.45 EPS. Sell-side analysts forecast that D.R. Horton, Inc. will post 14.17 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s dividend payout ratio is currently 11.14%.

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.