TFO Wealth Partners LLC Raises Position in D.R. Horton, Inc. (NYSE:DHI)

TFO Wealth Partners LLC grew its position in D.R. Horton, Inc. (NYSE:DHIFree Report) by 79,926.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,004 shares of the construction company’s stock after buying an additional 11,989 shares during the period. TFO Wealth Partners LLC’s holdings in D.R. Horton were worth $1,824,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Norges Bank bought a new stake in D.R. Horton during the fourth quarter valued at approximately $516,530,000. Pacer Advisors Inc. lifted its holdings in shares of D.R. Horton by 21.7% in the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after buying an additional 484,058 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of D.R. Horton by 1,357.4% in the third quarter. Acadian Asset Management LLC now owns 490,043 shares of the construction company’s stock worth $52,652,000 after buying an additional 456,419 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of D.R. Horton by 1,719.1% in the fourth quarter. Panagora Asset Management Inc. now owns 429,445 shares of the construction company’s stock worth $65,267,000 after buying an additional 405,838 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of D.R. Horton by 150.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 571,051 shares of the construction company’s stock worth $61,371,000 after buying an additional 342,884 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the transaction, the director now directly owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the transaction, the director now owns 5,650 shares in the company, valued at approximately $838,799. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction on Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the transaction, the director now owns 1,703 shares in the company, valued at approximately $256,642.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,812 shares of company stock valued at $4,330,617. 1.74% of the stock is owned by insiders.

D.R. Horton Stock Performance

Shares of D.R. Horton stock traded down $1.47 during midday trading on Wednesday, hitting $141.38. The company had a trading volume of 1,850,199 shares, compared to its average volume of 2,502,666. The stock has a market cap of $46.56 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 0.72 and a beta of 1.66. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $151.04 and a 200 day simple moving average of $146.66. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $165.75.

D.R. Horton (NYSE:DHIGet Free Report) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.08 by $0.44. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. D.R. Horton’s revenue was up 14.2% on a year-over-year basis. During the same period last year, the firm posted $2.73 EPS. As a group, analysts predict that D.R. Horton, Inc. will post 14.26 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Wednesday, May 1st. D.R. Horton’s dividend payout ratio is presently 8.17%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DHI. StockNews.com downgraded shares of D.R. Horton from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Royal Bank of Canada decreased their price target on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a research note on Friday, April 19th. Wedbush reaffirmed an “underperform” rating and set a $130.00 price target on shares of D.R. Horton in a research note on Thursday, April 18th. UBS Group upped their price target on shares of D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Finally, Bank of America decreased their price target on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.82.

Check Out Our Latest Research Report on DHI

D.R. Horton Company Profile

(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.

Further Reading

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

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