Penobscot Investment Management Company Inc. Increases Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Penobscot Investment Management Company Inc. increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,245 shares of the construction company’s stock after buying an additional 130 shares during the period. Penobscot Investment Management Company Inc.’s holdings in D.R. Horton were worth $4,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Investment House LLC lifted its position in shares of D.R. Horton by 3.1% during the 4th quarter. Investment House LLC now owns 13,289 shares of the construction company’s stock valued at $2,020,000 after buying an additional 400 shares in the last quarter. Choreo LLC purchased a new position in D.R. Horton in the 4th quarter valued at $1,390,000. Silver Oak Securities Incorporated lifted its holdings in D.R. Horton by 1,261.3% in the 4th quarter. Silver Oak Securities Incorporated now owns 5,445 shares of the construction company’s stock valued at $828,000 after purchasing an additional 5,045 shares in the last quarter. Convergence Investment Partners LLC purchased a new position in D.R. Horton in the 4th quarter valued at $225,000. Finally, Kapstone Financial Advisors LLC purchased a new position in D.R. Horton in the 4th quarter valued at $466,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 1.6 %

Shares of NYSE:DHI traded down $2.36 during midday trading on Tuesday, reaching $143.61. 569,155 shares of the company’s stock were exchanged, compared to its average volume of 2,536,868. The firm’s 50 day simple moving average is $152.09 and its two-hundred day simple moving average is $140.86. 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 stock has a market cap of $47.29 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 0.72 and a beta of 1.64. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $165.75.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The firm had revenue of $9.11 billion during 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 last year, the company earned $2.73 EPS. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 14.31 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DHI. Jefferies Financial Group raised their price objective on D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a report on Friday, April 19th. The Goldman Sachs Group raised their price objective on 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 raised their price objective on D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. JMP Securities raised their target price on 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. Finally, Royal Bank of Canada cut their target price on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research note on Friday, April 19th. 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 stock. According to MarketBeat.com, D.R. Horton currently has an average rating of “Moderate Buy” and an average price target of $158.06.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was 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 in the company, valued at approximately $838,799. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was 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 in the company, valued at approximately $838,799. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The disclosure for this sale can be found here. Insiders sold 25,812 shares of company stock worth $4,029,217 in the last three months. 1.74% of the stock is owned by company insiders.

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.