Planned Solutions Inc. Takes $328,000 Position in D.R. Horton, Inc. (NYSE:DHI)

Planned Solutions Inc. acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,159 shares of the construction company’s stock, valued at approximately $328,000.

A number of other hedge funds have also recently added to or reduced their stakes in DHI. Tectonic Advisors LLC raised its holdings in D.R. Horton by 3.4% in the fourth quarter. Tectonic Advisors LLC now owns 7,307 shares of the construction company’s stock valued at $1,111,000 after buying an additional 237 shares during the period. Alhambra Investment Management LLC acquired a new position in shares of D.R. Horton in the 4th quarter valued at approximately $207,000. Assenagon Asset Management S.A. boosted its stake in D.R. Horton by 283.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 457,433 shares of the construction company’s stock valued at $69,521,000 after acquiring an additional 338,282 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new position in D.R. Horton in the fourth quarter worth about $287,000. Finally, Pacer Advisors Inc. lifted its stake in D.R. Horton by 21.7% during the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after purchasing an additional 484,058 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

NYSE:DHI opened at $162.05 on Thursday. The firm has a market capitalization of $53.77 billion, a PE ratio of 11.66, a PEG ratio of 0.90 and a beta of 1.64. The company has a current ratio of 6.56, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. D.R. Horton, Inc. has a 1 year low of $94.22 and a 1 year high of $162.75. The firm’s fifty day simple moving average is $148.90 and its 200 day simple moving average is $133.59.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 23rd. The construction company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.88 by ($0.06). D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The business had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.55 billion. During the same quarter in the previous year, the company earned $2.76 EPS. D.R. Horton’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 14.17 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.20 annualized dividend and a yield of 0.74%. D.R. Horton’s dividend payout ratio is 8.63%.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of recent research reports. UBS Group upped their price objective on D.R. Horton from $155.00 to $192.00 in a research note on Monday, January 22nd. Royal Bank of Canada boosted their target price on D.R. Horton from $116.00 to $142.00 and gave the stock an “underperform” rating in a report on Monday, January 22nd. Wedbush reissued a “neutral” rating and issued a $115.00 price target on shares of D.R. Horton in a report on Tuesday, January 23rd. Keefe, Bruyette & Woods decreased their price target on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 24th. Finally, The Goldman Sachs Group upped their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.65.

Insider Transactions at D.R. Horton

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction that occurred 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 transaction, 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 legal filing with the SEC, which is available at this hyperlink. In related news, insider David V. Auld sold 25,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the transaction, the director now 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 90 days, insiders have sold 27,197 shares of company stock worth $4,225,745. 1.74% of the stock is currently owned by company insiders.

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.