Gulf International Bank UK Ltd Increases Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Gulf International Bank UK Ltd grew its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,342 shares of the construction company’s stock after purchasing an additional 155 shares during the quarter. Gulf International Bank UK Ltd’s holdings in D.R. Horton were worth $4,334,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Aigen Investment Management LP bought a new stake in D.R. Horton during the 3rd quarter valued at $472,000. CI Investments Inc. lifted its holdings in shares of D.R. Horton by 1.3% during the third quarter. CI Investments Inc. now owns 9,785 shares of the construction company’s stock valued at $1,052,000 after purchasing an additional 121 shares during the last quarter. CenterBook Partners LP bought a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $367,000. V Square Quantitative Management LLC grew its stake in shares of D.R. Horton by 231.3% in the 3rd quarter. V Square Quantitative Management LLC now owns 2,389 shares of the construction company’s stock worth $257,000 after buying an additional 1,668 shares during the last quarter. Finally, Dark Forest Capital Management LP increased its position in D.R. Horton by 2.5% during the 3rd quarter. Dark Forest Capital Management LP now owns 5,328 shares of the construction company’s stock valued at $573,000 after buying an additional 129 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at D.R. Horton

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

Analyst Upgrades and Downgrades

DHI has been the subject of several analyst reports. Barclays reduced their price target on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a report on Friday, April 19th. StockNews.com downgraded shares of D.R. Horton from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Bank of America decreased their price objective on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a report on Friday, April 19th. Royal Bank of Canada reduced their target price on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a report on Friday, April 19th. Finally, Citigroup dropped their price objective on D.R. Horton from $191.00 to $181.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, D.R. Horton has a consensus rating of “Moderate Buy” and an average price target of $158.31.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $142.39 on Friday. The stock’s fifty day moving average is $145.54 and its 200 day moving average is $148.45. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $165.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The stock has a market cap of $46.89 billion, a P/E ratio of 9.69, a P/E/G ratio of 0.70 and a beta of 1.68.

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

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.84%. D.R. Horton’s payout ratio is presently 8.17%.

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.