D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. lessened its stake in D.R. Horton, Inc. (NYSE:DHI) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,185 shares of the construction company’s stock after selling 110 shares during the quarter. Bahl & Gaynor Inc.’s holdings in D.R. Horton were worth $2,308,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Bryn Mawr Capital Management LLC bought a new position in D.R. Horton in the 4th quarter worth about $410,000. Syon Capital LLC boosted its holdings in shares of D.R. Horton by 17.8% in the fourth quarter. Syon Capital LLC now owns 4,379 shares of the construction company’s stock valued at $666,000 after acquiring an additional 661 shares in the last quarter. Two Point Capital Management Inc. boosted its holdings in shares of D.R. Horton by 0.4% in the fourth quarter. Two Point Capital Management Inc. now owns 155,960 shares of the construction company’s stock valued at $23,703,000 after acquiring an additional 655 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of D.R. Horton by 7.6% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,820 shares of the construction company’s stock valued at $1,188,000 after acquiring an additional 549 shares in the last quarter. Finally, Alaska Permanent Fund Corp bought a new position in shares of D.R. Horton in the fourth quarter valued at approximately $434,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Up 0.8 %

D.R. Horton stock opened at $145.33 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. The company has a market capitalization of $47.86 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 0.72 and a beta of 1.64. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $165.75. The company’s fifty day moving average price is $151.99 and its two-hundred day moving average price is $140.10.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results 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 net margin of 13.39% and a return on equity of 21.32%. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same period in the prior year, the company earned $2.73 earnings per share. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, analysts forecast that D.R. Horton, Inc. will post 14.28 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is 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, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 773,121 shares in the company, valued at $120,862,005.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Barbara K. Allen sold 363 shares of the stock in a transaction dated 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 owns 5,650 shares in the company, valued at $838,799. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David V. Auld sold 25,000 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. Insiders sold 27,560 shares of company stock worth $4,279,636 over the last ninety days. Company insiders own 1.74% of the company’s stock.

Wall Street Analyst Weigh In

DHI has been the subject of several recent analyst reports. 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. Seaport Res Ptn downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. Keefe, Bruyette & Woods cut their target price on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 24th. JMP Securities boosted 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 note on Wednesday, January 24th. Finally, Barclays cut their target price on shares of D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.06.

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.