D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Park National Corp OH

Park National Corp OH increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 8.9% in the fourth quarter, Holdings Channel reports. The firm owned 212,815 shares of the construction company’s stock after purchasing an additional 17,441 shares during the period. D.R. Horton comprises 1.1% of Park National Corp OH’s holdings, making the stock its 29th largest position. Park National Corp OH’s holdings in D.R. Horton were worth $29,756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of DHI. Candriam S.C.A. grew its stake in D.R. Horton by 15.6% during the 2nd quarter. Candriam S.C.A. now owns 20,520 shares of the construction company’s stock valued at $2,892,000 after purchasing an additional 2,770 shares during the last quarter. Caprock Group LLC increased its holdings in D.R. Horton by 37.8% in the 2nd quarter. Caprock Group LLC now owns 7,639 shares of the construction company’s stock worth $1,077,000 after buying an additional 2,094 shares during the period. Ballentine Partners LLC raised its position in D.R. Horton by 5.8% during the 2nd quarter. Ballentine Partners LLC now owns 3,449 shares of the construction company’s stock worth $486,000 after buying an additional 188 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in D.R. Horton during the 2nd quarter valued at approximately $68,000. Finally, Choreo LLC boosted its holdings in shares of D.R. Horton by 116.1% in the 2nd quarter. Choreo LLC now owns 18,905 shares of the construction company’s stock valued at $2,594,000 after acquiring an additional 10,158 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Down 1.2 %

Shares of DHI opened at $137.73 on Wednesday. The stock has a 50 day moving average price of $156.17 and a 200 day moving average price of $168.87. D.R. Horton, Inc. has a one year low of $133.02 and a one year high of $199.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The stock has a market capitalization of $44.19 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.57 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. D.R. Horton’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $4.45 earnings per share. Equities research analysts forecast that D.R. Horton, Inc. will post 14.17 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a $0.40 dividend. The ex-dividend date was Tuesday, November 12th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. D.R. Horton’s dividend payout ratio is 11.14%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup decreased their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a report on Monday. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective on the stock in a research note on Tuesday, October 15th. BTIG Research decreased their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Evercore ISI dropped their price target on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $177.40.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

About D.R. Horton

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.