Allstate Corp Invests $211,000 in D.R. Horton, Inc. (NYSE:DHI)

Allstate Corp bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 1,386 shares of the construction company’s stock, valued at approximately $211,000.

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

D.R. Horton Stock Performance

Shares of NYSE:DHI traded up $1.76 during midday trading on Friday, reaching $144.58. 253,327 shares of the company’s stock traded hands, compared to its average volume of 2,511,801. The company has a market cap of $47.61 billion, a price-to-earnings ratio of 9.72, a P/E/G ratio of 0.72 and a beta of 1.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $165.75. The stock has a 50 day moving average of $151.58 and a 200 day moving average of $145.82.

D.R. Horton (NYSE:DHI) last announced 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. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.73 earnings per share. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 14.26 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Wednesday, May 1st. D.R. Horton’s payout ratio is currently 8.17%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DHI. UBS Group boosted their target price on D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Citigroup lowered their price objective on D.R. Horton from $191.00 to $181.00 and set a “buy” rating for the company in a research report on Friday, May 17th. Keefe, Bruyette & Woods boosted their price objective on D.R. Horton from $172.00 to $178.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Wedbush reiterated an “underperform” rating and issued a $130.00 price objective on shares of D.R. Horton in a research report on Thursday, April 18th. Finally, Royal Bank of Canada lowered their price objective on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research report on Friday, April 19th. Two equities research 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $157.82.

Insider Activity

In other news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the transaction, the director now owns 5,650 shares of the company’s stock, valued at $844,053.50. The transaction was disclosed in a filing with the SEC, which can be accessed 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 value of $301,400.00. Following the completion of the transaction, the director now directly owns 1,703 shares in the company, valued at approximately $256,642.10. The disclosure for this sale can be found here. Insiders have sold a total of 27,812 shares of company stock valued at $4,330,617 over the last ninety days. 1.74% of the stock is currently owned by corporate insiders.

D.R. Horton 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.