E Fund Management Co. Ltd. acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 581 shares of the construction company’s stock, valued at approximately $52,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Macroview Investment Management LLC increased its holdings in D.R. Horton by 111.7% during the 1st quarter. Macroview Investment Management LLC now owns 290 shares of the construction company’s stock worth $26,000 after purchasing an additional 153 shares in the last quarter. Atlas Private Wealth Advisors grew its holdings in shares of D.R. Horton by 2,307.7% in the first quarter. Atlas Private Wealth Advisors now owns 313 shares of the construction company’s stock valued at $28,000 after acquiring an additional 300 shares in the last quarter. Glassman Wealth Services grew its holdings in shares of D.R. Horton by 41.8% in the first quarter. Glassman Wealth Services now owns 363 shares of the construction company’s stock valued at $32,000 after acquiring an additional 107 shares in the last quarter. Burleson & Company LLC bought a new position in shares of D.R. Horton in the first quarter valued at approximately $36,000. Finally, RWM Asset Management LLC bought a new position in shares of D.R. Horton in the fourth quarter valued at approximately $34,000. 80.95% of the stock is owned by hedge funds and other institutional investors.
In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction dated Monday, March 15th. The stock was sold at an average price of $82.90, for a total transaction of $37,222.10. Following the sale, the director now owns 5,650 shares in the company, valued at $468,385. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael W. Hewatt sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 23rd. The shares were sold at an average price of $85.30, for a total value of $426,500.00. Following the sale, the director now owns 10,342 shares in the company, valued at approximately $882,172.60. The disclosure for this sale can be found here. Insiders sold 16,449 shares of company stock worth $1,527,842 in the last quarter. 0.46% of the stock is currently owned by company insiders.
D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, April 22nd. The construction company reported $2.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.35. D.R. Horton had a return on equity of 25.71% and a net margin of 13.16%. The company had revenue of $6.45 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter last year, the business posted $1.30 earnings per share. The firm’s revenue was up 43.3% compared to the same quarter last year. Sell-side analysts predict that D.R. Horton, Inc. will post 10.51 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 20th. Investors of record on Monday, May 10th were given a $0.20 dividend. The ex-dividend date was Friday, May 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.91%. D.R. Horton’s dividend payout ratio (DPR) is presently 12.99%.
Several research firms have recently issued reports on DHI. Barclays upped their target price on D.R. Horton from $108.00 to $114.00 and gave the company an “overweight” rating in a report on Tuesday, April 27th. Argus upped their target price on D.R. Horton from $105.00 to $110.00 and gave the company a “buy” rating in a report on Monday, April 26th. JPMorgan Chase & Co. raised D.R. Horton from a “neutral” rating to an “overweight” rating in a report on Wednesday, March 17th. KeyCorp increased their price objective on D.R. Horton from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, March 31st. Finally, Royal Bank of Canada increased their price objective on D.R. Horton from $87.00 to $104.00 and gave the company an “outperform” rating in a report on Friday, April 23rd. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $93.62.
D.R. Horton Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 29 states and 88 markets under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, and Freedom Homes.
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