D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC lifted its stake in D.R. Horton, Inc. (NYSE:DHI) by 142.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,852 shares of the construction company’s stock after buying an additional 62,838 shares during the quarter. Empowered Funds LLC’s holdings in D.R. Horton were worth $14,940,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Coastline Trust Co purchased a new stake in shares of D.R. Horton in the third quarter worth about $26,000. Rakuten Securities Inc. boosted its position in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after purchasing an additional 117 shares in the last quarter. Wolff Wiese Magana LLC boosted its position in D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after purchasing an additional 196 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in D.R. Horton during the fourth quarter worth approximately $30,000. Finally, Grove Bank & Trust boosted its position in D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after purchasing an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

DHI has been the topic of a number of recent analyst reports. Wedbush reiterated a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. BTIG Research reduced their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Wells Fargo & Company reduced their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. 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 report on Tuesday, January 14th. Finally, UBS Group reduced their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. 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 stock. Based on data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and a consensus target price of $170.93.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.

D.R. Horton Stock Down 5.3 %

Shares of NYSE DHI opened at $128.99 on Friday. The company has a market capitalization of $40.65 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 0.58 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. The business has a 50-day moving average of $144.87 and a two-hundred day moving average of $167.69. D.R. Horton, Inc. has a 1 year low of $127.47 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the previous year, the firm earned $2.82 earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. On average, analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 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.