Osborne Partners Capital Management LLC Acquires New Stake in D.R. Horton, Inc. (NYSE:DHI)

Osborne Partners Capital Management LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHIFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,747 shares of the construction company’s stock, valued at approximately $266,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Clear Street Markets LLC bought a new stake in shares of D.R. Horton in the 4th quarter valued at about $28,000. Fairfield Bush & CO. acquired a new position in D.R. Horton in the 1st quarter valued at about $28,000. Mascoma Wealth Management LLC grew its stake in D.R. Horton by 345.6% in the 3rd quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock valued at $33,000 after buying an additional 235 shares during the last quarter. BluePath Capital Management LLC acquired a new position in D.R. Horton in the 3rd quarter valued at about $33,000. Finally, First Pacific Financial acquired a new position in D.R. Horton in the 3rd quarter valued at about $41,000. 90.63% of the stock is owned by institutional investors.

Insider Activity

In other news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barbara K. Allen sold 449 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the sale, the director now owns 5,650 shares of the company’s stock, valued at $844,053.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,197 shares of company stock valued at $4,225,745. Insiders own 1.74% of the company’s stock.

D.R. Horton Price Performance

NYSE:DHI traded down $6.01 on Tuesday, hitting $155.87. The company had a trading volume of 751,721 shares, compared to its average volume of 2,521,061. The stock has a market capitalization of $51.72 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 0.93 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. The firm has a 50 day moving average of $149.52 and a two-hundred day moving average of $134.61. D.R. Horton, Inc. has a 52 week low of $94.22 and a 52 week high of $165.75.

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

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Monday, February 5th. D.R. Horton’s payout ratio is currently 8.63%.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of research reports. 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 note on Wednesday, January 24th. JMP Securities upped their price target on shares of D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 24th. Seaport Res Ptn lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Raymond James increased their target price on shares of D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Wedbush lowered shares of D.R. Horton from a “neutral” rating to an “underperform” rating and set a $130.00 target price on the stock. in a research report on Tuesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $149.53.

Check Out Our Latest Report on D.R. Horton

About D.R. Horton

(Free Report)

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.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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