Korea Investment CORP Has $25.73 Million Stock Position in D.R. Horton, Inc. $DHI

Korea Investment CORP lowered its position in D.R. Horton, Inc. (NYSE:DHI) by 10.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 151,795 shares of the construction company’s stock after selling 18,006 shares during the quarter. Korea Investment CORP’s holdings in D.R. Horton were worth $25,725,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DHI. Ameriflex Group Inc. bought a new position in D.R. Horton in the third quarter worth $31,000. Blair William & Co. IL increased its holdings in D.R. Horton by 10.4% in the 3rd quarter. Blair William & Co. IL now owns 39,356 shares of the construction company’s stock valued at $6,670,000 after buying an additional 3,703 shares during the period. Neo Ivy Capital Management bought a new stake in D.R. Horton in the 3rd quarter valued at $269,000. Gabelli Funds LLC raised its stake in shares of D.R. Horton by 23.5% in the 3rd quarter. Gabelli Funds LLC now owns 21,000 shares of the construction company’s stock valued at $3,559,000 after buying an additional 4,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in shares of D.R. Horton by 4.4% in the 3rd quarter. Gamco Investors INC. ET AL now owns 3,055 shares of the construction company’s stock valued at $518,000 after buying an additional 130 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Down 1.6%

Shares of NYSE:DHI opened at $145.27 on Wednesday. The company’s fifty day moving average is $155.15 and its 200-day moving average is $156.97. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $184.54. The company has a market capitalization of $42.09 billion, a PE ratio of 13.19, a P/E/G ratio of 2.28 and a beta of 1.43.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $6.66 billion. During the same quarter last year, the company posted $2.61 EPS. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. Equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced 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 was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s payout ratio is 16.35%.

Insider Activity at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the business’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 transaction, the senior vice president directly owned 6,457 shares of the company’s stock, valued at $1,081,870.35. The trade was a 3.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DHI shares. Keefe, Bruyette & Woods reiterated a “reduce” rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Argus upped their target price on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Bank of America set a $158.00 price target on shares of D.R. Horton in a research report on Wednesday, January 21st. Citigroup decreased their price objective on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Finally, BTIG Research set a $182.00 price objective on D.R. Horton in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average price target of $159.93.

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.