Linden Thomas Advisory Services LLC Makes New $248,000 Investment in D.R. Horton, Inc. (NYSE:DHI)

Linden Thomas Advisory Services LLC bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,632 shares of the construction company’s stock, valued at approximately $248,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Greenhaven Associates Inc. grew its holdings in D.R. Horton by 1.0% in the fourth quarter. Greenhaven Associates Inc. now owns 3,547,948 shares of the construction company’s stock valued at $539,217,000 after purchasing an additional 34,366 shares during the period. Northern Trust Corp lifted its position in shares of D.R. Horton by 3.2% during the 3rd quarter. Northern Trust Corp now owns 3,389,414 shares of the construction company’s stock valued at $364,260,000 after buying an additional 104,453 shares in the last quarter. Morgan Stanley grew its stake in D.R. Horton by 3.4% in the 3rd quarter. Morgan Stanley now owns 3,254,275 shares of the construction company’s stock valued at $349,737,000 after acquiring an additional 106,074 shares during the period. Pacer Advisors Inc. increased its holdings in D.R. Horton by 21.7% in the 4th quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after acquiring an additional 484,058 shares in the last quarter. Finally, Earnest Partners LLC raised its position in D.R. Horton by 1.1% during the third quarter. Earnest Partners LLC now owns 1,723,819 shares of the construction company’s stock worth $185,259,000 after acquiring an additional 19,396 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 1,748 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $809,419. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Barbara K. Allen sold 449 shares of the firm’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 completion of the transaction, the director now directly owns 5,650 shares in the company, valued at $844,053.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Barbara K. Allen sold 1,748 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at approximately $809,419. The disclosure for this sale can be found here. Insiders sold a total of 27,560 shares of company stock valued at $4,279,636 over the last 90 days. 1.74% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DHI shares. JMP Securities boosted their target price on shares of D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 24th. Seaport Res Ptn lowered D.R. Horton from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. Royal Bank of Canada decreased their target price on 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. Citigroup boosted their price target on D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, UBS Group raised their price objective on D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.06.

D.R. Horton Stock Performance

NYSE:DHI opened at $145.30 on Friday. The company’s 50-day moving average is $151.99 and its two-hundred day moving average is $140.10. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75. 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 firm has a market capitalization of $47.85 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 0.72 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. 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 firm earned $2.73 earnings per share. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. Analysts forecast that D.R. Horton, Inc. will post 14.28 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.83%. D.R. Horton’s payout ratio is currently 8.17%.

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.