D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. decreased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 14.1% in the fourth quarter, Holdings Channel reports. The fund owned 18,875 shares of the construction company’s stock after selling 3,096 shares during the period. Twin Capital Management Inc.’s holdings in D.R. Horton were worth $2,869,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fairfield Bush & CO. acquired a new stake in shares of D.R. Horton during the 1st quarter worth approximately $28,000. American Century Companies Inc. increased its holdings in shares of D.R. Horton by 13.9% during the 1st quarter. American Century Companies Inc. now owns 22,684 shares of the construction company’s stock worth $1,690,000 after buying an additional 2,771 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in shares of D.R. Horton by 10.7% during the 1st quarter. Panagora Asset Management Inc. now owns 10,075 shares of the construction company’s stock worth $751,000 after buying an additional 973 shares during the last quarter. Sei Investments Co. increased its holdings in shares of D.R. Horton by 21.1% during the 1st quarter. Sei Investments Co. now owns 300,024 shares of the construction company’s stock worth $22,425,000 after buying an additional 52,320 shares during the last quarter. Finally, Prudential PLC acquired a new stake in shares of D.R. Horton during the 1st quarter worth approximately $560,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Transactions at D.R. Horton

In other news, insider David V. Auld sold 25,000 shares of D.R. Horton 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 completion of the sale, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider David V. Auld sold 25,000 shares of D.R. Horton 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 completion of the sale, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Barbara K. Allen sold 449 shares of D.R. Horton 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 sale, the director now directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The disclosure for this sale can be found here. In the last three months, insiders sold 27,197 shares of company stock valued at $4,225,745. Insiders own 1.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DHI shares. Royal Bank of Canada raised their price target on shares of D.R. Horton from $116.00 to $142.00 and gave the stock an “underperform” rating in a report on Monday, January 22nd. BTIG Research cut their price target on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a report on Tuesday. The Goldman Sachs Group lifted their target price on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Raymond James lifted their target price on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, Keefe, Bruyette & Woods dropped 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 report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $154.00.

D.R. Horton Stock Up 1.0 %

DHI stock traded up $1.47 during midday trading on Thursday, hitting $147.21. The company’s stock had a trading volume of 3,212,747 shares, compared to its average volume of 2,537,262. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $165.75. The firm has a market capitalization of $48.85 billion, a P/E ratio of 10.79, a PEG ratio of 0.72 and a beta of 1.64. The firm has a 50-day simple moving average of $151.94 and a 200-day simple moving average of $138.37.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.09 by $0.43. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same quarter last year, the company posted $2.73 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. As a group, equities analysts forecast that D.R. Horton, Inc. will post 14.24 EPS for the current year.

D.R. Horton Announces Dividend

The company 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%. D.R. Horton’s dividend payout ratio (DPR) is currently 8.63%.

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.