Overbrook Management Corp Has $14.46 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Overbrook Management Corp grew its holdings in D.R. Horton, Inc. (NYSE:DHI) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,410 shares of the construction company’s stock after acquiring an additional 544 shares during the period. D.R. Horton accounts for approximately 3.1% of Overbrook Management Corp’s holdings, making the stock its 12th largest position. Overbrook Management Corp’s holdings in D.R. Horton were worth $14,459,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Mountaineer Partners Management LLC bought a new position in shares of D.R. Horton in the 3rd quarter valued at approximately $1,853,178,000. FMR LLC grew its holdings in D.R. Horton by 44.7% during the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in shares of D.R. Horton in the third quarter valued at approximately $72,672,000. Nordea Investment Management AB lifted its stake in shares of D.R. Horton by 112.7% in the fourth quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock worth $57,255,000 after buying an additional 215,947 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after buying an additional 212,112 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of research analyst reports. BTIG Research cut their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Friday. Citigroup dropped their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. The Goldman Sachs Group reduced their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada dropped their target price on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $176.20.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is owned by company insiders.

D.R. Horton Stock Performance

NYSE:DHI opened at $147.83 on Monday. The stock has a market capitalization of $47.43 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 0.51 and a beta of 1.75. D.R. Horton, Inc. has a 1 year low of $133.02 and a 1 year high of $199.85. The firm has a 50 day moving average of $151.85 and a 200-day moving average of $169.02. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the prior year, the firm posted $4.45 EPS. D.R. Horton’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a $0.40 dividend. The ex-dividend date was Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.08%. D.R. Horton’s payout ratio is currently 11.14%.

About D.R. Horton

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.