Chapin Davis Inc. Makes New $438,000 Investment in D.R. Horton, Inc. (NYSE:DHI)

Chapin Davis Inc. bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,659 shares of the construction company’s stock, valued at approximately $438,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DHI. Norges Bank purchased a new position in shares of D.R. Horton during the 4th quarter worth approximately $516,530,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in D.R. Horton by 62.4% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company’s stock worth $207,864,000 after acquiring an additional 525,705 shares during the last quarter. Pacer Advisors Inc. boosted its position in D.R. Horton by 21.7% during the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after acquiring an additional 484,058 shares during the last quarter. Panagora Asset Management Inc. boosted its position in D.R. Horton by 1,719.1% during the fourth quarter. Panagora Asset Management Inc. now owns 429,445 shares of the construction company’s stock worth $65,267,000 after acquiring an additional 405,838 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in D.R. Horton by 283.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 457,433 shares of the construction company’s stock worth $69,521,000 after acquiring an additional 338,282 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on DHI shares. Wedbush restated an “underperform” rating and set a $130.00 target price on shares of D.R. Horton in a research report on Thursday, April 18th. Jefferies Financial Group raised their target price on shares of D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research note on Friday, April 19th. BTIG Research cut their target price on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. StockNews.com downgraded shares of D.R. Horton from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Finally, Keefe, Bruyette & Woods raised their target price on shares of D.R. Horton from $172.00 to $178.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, D.R. Horton currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.31.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the business’s 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 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $838,799. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the sale, the director now directly owns 1,703 shares of the company’s stock, valued at $256,642.10. The disclosure for this sale can be found here. 1.74% of the stock is currently owned by company insiders.

D.R. Horton Price Performance

DHI opened at $137.04 on Tuesday. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75. The company has a 50-day moving average of $145.10 and a 200-day moving average of $148.62. 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 company has a market capitalization of $45.13 billion, a P/E ratio of 9.33, a PEG ratio of 0.70 and a beta of 1.71.

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, beating the consensus estimate of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.15 billion. During the same period in the previous year, the business posted $2.73 EPS. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Equities analysts expect that D.R. Horton, Inc. will post 14.26 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Wednesday, May 1st. D.R. Horton’s payout ratio is 8.17%.

D.R. Horton Company Profile

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.