SageView Advisory Group LLC Invests $253,000 in D.R. Horton, Inc. (NYSE:DHI)

SageView Advisory Group LLC acquired a new position in D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,769 shares of the construction company’s stock, valued at approximately $253,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Fisher Asset Management LLC lifted its holdings in shares of D.R. Horton by 0.4% in the fourth quarter. Fisher Asset Management LLC now owns 242,192 shares of the construction company’s stock valued at $36,808,000 after purchasing an additional 956 shares in the last quarter. American International Group Inc. increased its position in D.R. Horton by 1.1% during the fourth quarter. American International Group Inc. now owns 91,230 shares of the construction company’s stock worth $13,865,000 after buying an additional 996 shares during the last quarter. Syon Capital LLC increased its position in D.R. Horton by 17.8% during the fourth quarter. Syon Capital LLC now owns 4,379 shares of the construction company’s stock worth $666,000 after buying an additional 661 shares during the last quarter. Integrated Advisors Network LLC acquired a new position in D.R. Horton during the fourth quarter worth $265,000. Finally, Scarborough Advisors LLC acquired a new position in D.R. Horton during the fourth quarter worth $354,000. 90.63% of the stock is owned by institutional investors.

D.R. Horton Trading Up 1.3 %

NYSE:DHI opened at $141.22 on Friday. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $46.51 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 0.69 and a beta of 1.68. The firm has a fifty day simple moving average of $145.73 and a two-hundred day simple moving average of $148.25. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $165.75.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the company posted $2.73 earnings per share. Analysts expect that D.R. Horton, Inc. will post 14.26 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

Insider Buying and Selling at D.R. Horton

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DHI shares. BTIG Research lowered their price target on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. Bank of America cut their price target on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Barclays dropped their price objective on shares of D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a report on Friday, April 19th. UBS Group raised their price target on shares of D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of D.R. Horton from $172.00 to $178.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton presently has an average rating of “Moderate Buy” and a consensus target price of $158.31.

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.