D.R. Horton, Inc. $DHI Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 43.8% in the 3rd quarter, Holdings Channel reports. The firm owned 36,348 shares of the construction company’s stock after acquiring an additional 11,076 shares during the quarter. NEOS Investment Management LLC’s holdings in D.R. Horton were worth $6,160,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Winnow Wealth LLC acquired a new position in shares of D.R. Horton during the third quarter worth $960,000. Berkshire Hathaway Inc acquired a new position in D.R. Horton in the second quarter valued at $191,491,000. Trinity Street Asset Management LLP purchased a new position in shares of D.R. Horton during the third quarter worth about $25,140,000. Mediolanum International Funds Ltd increased its position in shares of D.R. Horton by 96.6% during the third quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock worth $25,670,000 after purchasing an additional 74,266 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of D.R. Horton by 12.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,269,557 shares of the construction company’s stock valued at $384,624,000 after purchasing an additional 252,878 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Activity

In related news, SVP Aron M. Odom sold 260 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the sale, the senior vice president owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank Of Canada raised their price target on D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 29th. Citigroup lowered their target price on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. BTIG Research set a $182.00 price target on shares of D.R. Horton in a research report on Wednesday, January 21st. Zacks Research downgraded shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $195.00 target price on shares of D.R. Horton in a report on Tuesday, January 13th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $160.29.

D.R. Horton Stock Performance

Shares of DHI stock opened at $167.26 on Thursday. The company has a market cap of $48.45 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 2.57 and a beta of 1.44. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54. The stock has a 50 day simple moving average of $153.38 and a 200-day simple moving average of $157.46. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The business had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter last year, the firm posted $2.61 EPS. The business’s revenue was down 9.5% compared to the same quarter last year. On average, equities analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is 16.35%.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.