Greenleaf Trust Has $1.04 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Greenleaf Trust raised its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,461 shares of the construction company’s stock after purchasing an additional 169 shares during the quarter. Greenleaf Trust’s holdings in D.R. Horton were worth $1,043,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC bought a new position in D.R. Horton during the third quarter worth $1,853,178,000. FMR LLC raised its position in shares of D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after acquiring an additional 2,442,581 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of D.R. Horton in the 3rd quarter valued at about $72,672,000. Nordea Investment Management AB boosted its position in shares of D.R. Horton by 112.7% during the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock valued at $57,255,000 after purchasing an additional 215,947 shares in the last quarter. Finally, KBC Group NV grew its stake in D.R. Horton by 360.0% during the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after purchasing an additional 212,112 shares during the period. Institutional investors own 90.63% of the company’s stock.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

DHI has been the topic of a number of research analyst reports. Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Barclays reduced their price target on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. UBS Group dropped their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group reduced their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $210.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $170.93.

D.R. Horton Stock Performance

NYSE DHI opened at $137.37 on Tuesday. The company has a fifty day moving average price of $148.24 and a 200-day moving average price of $168.95. The firm has a market cap of $43.29 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 0.60 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a 1 year low of $133.02 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted $2.82 EPS. As a group, equities research analysts predict that D.R. Horton, Inc. will post 13.05 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.16%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

D.R. Horton 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.