49,045 Shares in D.R. Horton, Inc. (NYSE:DHI) Acquired by Overbrook Management Corp

Overbrook Management Corp acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 49,045 shares of the construction company’s stock, valued at approximately $8,070,000. D.R. Horton comprises approximately 2.2% of Overbrook Management Corp’s investment portfolio, making the stock its 20th biggest position.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rise Advisors LLC bought a new stake in D.R. Horton in the first quarter valued at $27,000. Riverview Trust Co bought a new position in shares of D.R. Horton in the 1st quarter worth about $30,000. Oakworth Capital Inc. bought a new stake in D.R. Horton during the fourth quarter worth about $38,000. Private Wealth Management Group LLC purchased a new stake in D.R. Horton in the fourth quarter worth about $42,000. Finally, Friedenthal Financial bought a new stake in shares of D.R. Horton in the 4th quarter worth approximately $47,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

DHI stock traded up $0.89 during trading on Thursday, reaching $141.21. The company’s stock had a trading volume of 1,405,589 shares, compared to its average volume of 2,459,465. The company’s fifty day moving average is $145.22 and its 200-day moving average is $148.57. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $165.75. The company has a market capitalization of $46.50 billion, a P/E ratio of 9.62, a price-to-earnings-growth ratio of 0.70 and a beta of 1.68. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping 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 firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. During the same quarter in the previous year, the firm earned $2.73 earnings per share. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, research analysts expect that D.R. Horton, Inc. will post 14.26 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.85%. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

Wall Street Analyst Weigh In

Several brokerages recently commented on DHI. Royal Bank of Canada cut their price objective on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a research report on Friday, April 19th. Jefferies Financial Group lifted their target price on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Barclays lowered their price target on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Keefe, Bruyette & Woods lifted their price objective on D.R. Horton from $172.00 to $178.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Finally, Bank of America lowered their target price on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.31.

Insider Activity

In other 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 value of $301,400.00. Following the sale, the director now directly owns 1,703 shares in the company, valued at approximately $256,642.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Barbara K. Allen sold 363 shares of D.R. Horton stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $838,799. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael R. Buchanan sold 2,000 shares of the firm’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 value of $301,400.00. Following 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. Corporate insiders own 1.74% of the company’s stock.

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.