TD Asset Management Inc Raises Position in D.R. Horton, Inc. $DHI

TD Asset Management Inc grew its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 769.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 893,226 shares of the construction company’s stock after buying an additional 790,475 shares during the quarter. TD Asset Management Inc’s holdings in D.R. Horton were worth $151,375,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in DHI. Concord Wealth Partners purchased a new stake in D.R. Horton during the 3rd quarter valued at $25,000. Canton Hathaway LLC bought a new position in shares of D.R. Horton during the third quarter valued at $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of D.R. Horton during the third quarter valued at $27,000. Westfuller Advisors LLC bought a new stake in D.R. Horton in the 3rd quarter worth about $34,000. Finally, Westside Investment Management Inc. raised its position in D.R. Horton by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 206 shares of the construction company’s stock worth $36,000 after buying an additional 103 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at D.R. Horton

In related news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the transaction, the senior vice president owned 6,457 shares in the company, valued at approximately $1,081,870.35. The trade was 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 link. 0.66% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on DHI shares. Argus lifted their price target on shares of D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $155.00 target price (down from $180.00) on shares of D.R. Horton in a research report on Tuesday, January 6th. The Goldman Sachs Group reiterated a “buy” rating and set a $195.00 target price on shares of D.R. Horton in a research note on Tuesday, January 13th. Citigroup dropped their price target on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Finally, Royal Bank Of Canada upped their price objective on D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research report on Wednesday, October 29th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $160.29.

D.R. Horton Stock Performance

Shares of DHI opened at $157.53 on Thursday. The business has a 50-day simple moving average of $154.15 and a two-hundred day simple moving average of $157.75. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $184.54. The stock has a market cap of $45.64 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 2.53 and a beta of 1.44.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data 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. The company had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The firm’s revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.61 EPS. On average, analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. D.R. Horton’s dividend payout ratio 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.