AIA Group Ltd Buys New Holdings in D.R. Horton, Inc. (NYSE:DHI)

AIA Group Ltd bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,045 shares of the construction company’s stock, valued at approximately $1,375,000.

Other institutional investors also recently bought and sold shares of the company. Evergreen Capital Management LLC boosted its holdings in D.R. Horton by 53.7% during the 3rd quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock valued at $1,074,000 after acquiring an additional 3,489 shares during the period. Voss Capital LLC purchased a new stake in D.R. Horton in the 4th quarter worth approximately $7,599,000. Los Angeles Capital Management LLC lifted its holdings 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 purchased a new stake in D.R. Horton in the 3rd quarter worth approximately $218,000. Finally, O Shaughnessy Asset Management LLC lifted its holdings in D.R. Horton by 43.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,731 shares of the construction company’s stock worth $2,228,000 after buying an additional 6,272 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Up 0.5 %

DHI stock opened at $146.63 on Friday. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $165.75. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22. The firm has a market cap of $48.65 billion, a PE ratio of 10.50, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64. The business has a 50 day moving average of $151.97 and a 200 day moving average of $138.42.

D.R. Horton (NYSE:DHI) last posted 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 21.06% and a net margin of 13.18%. The company had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.15 billion. During the same quarter last year, the company earned $2.73 EPS. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, research analysts forecast that D.R. Horton, Inc. will post 14.24 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. Shareholders of record on Thursday, May 2nd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s payout ratio is 8.63%.

Insiders Place Their Bets

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of D.R. Horton 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 owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of D.R. Horton 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 owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 449 shares of D.R. Horton 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 sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,197 shares of company stock valued at $4,225,745. Corporate insiders own 1.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on DHI shares. UBS Group increased their price objective on D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Friday. Royal Bank of Canada increased their price objective on D.R. Horton from $116.00 to $142.00 and gave the stock an “underperform” rating in a report on Monday, January 22nd. Seaport Res Ptn cut D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Keefe, Bruyette & Woods lowered their target price on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a research note on Wednesday, January 24th. Finally, The Goldman Sachs Group raised their target price on D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $153.88.

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.