Parkside Financial Bank & Trust Buys 121 Shares of D.R. Horton, Inc. (NYSE:DHI)

Parkside Financial Bank & Trust increased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,698 shares of the construction company’s stock after purchasing an additional 121 shares during the quarter. Parkside Financial Bank & Trust’s holdings in D.R. Horton were worth $258,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Evergreen Capital Management LLC raised its holdings in shares of D.R. Horton by 53.7% during the third quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock valued at $1,074,000 after purchasing an additional 3,489 shares during the period. Voss Capital LLC bought a new stake in D.R. Horton in the 4th quarter worth about $7,599,000. Los Angeles Capital Management LLC grew its position in D.R. Horton by 390.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock worth $79,884,000 after purchasing an additional 591,787 shares in the last quarter. SteelPeak Wealth LLC bought a new stake in D.R. Horton in the 3rd quarter worth about $218,000. Finally, Handelsbanken Fonder AB grew its position in shares of D.R. Horton by 20.5% during the 4th quarter. Handelsbanken Fonder AB now owns 97,275 shares of the construction company’s stock valued at $14,784,000 after acquiring an additional 16,573 shares during the period. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Citigroup increased their target price on shares of D.R. Horton from $166.00 to $191.00 and gave the company a “buy” rating in a research report on Friday, April 5th. JMP Securities increased their target price on shares of D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 24th. Bank of America reduced their target price on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Keefe, Bruyette & Woods reduced their target price on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, January 24th. Finally, Raymond James upped their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $158.06.

Insider Activity at D.R. Horton

In related news, insider David V. Auld sold 25,000 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider David V. Auld sold 25,000 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Barbara K. Allen sold 1,748 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $809,419. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,560 shares of company stock valued at $4,279,636. Insiders own 1.74% of the company’s stock.

D.R. Horton Price Performance

Shares of D.R. Horton stock traded down $2.56 on Wednesday, hitting $145.47. 664,734 shares of the company traded hands, compared to its average volume of 2,559,906. The firm’s 50-day simple moving average is $151.92 and its 200 day simple moving average is $139.75. 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 company has a market cap of $48.27 billion, a P/E ratio of 10.08, a P/E/G ratio of 0.71 and a beta of 1.64. 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 data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.44. The firm had revenue of $9.11 billion for 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 quarter last year, the company posted $2.73 EPS. Analysts expect that D.R. Horton, Inc. will post 14.27 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is currently 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.