Silvant Capital Management LLC Acquires New Shares in D.R. Horton, Inc. $DHI

Silvant Capital Management LLC bought a new position in D.R. Horton, Inc. (NYSE:DHI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 18,544 shares of the construction company’s stock, valued at approximately $3,143,000.

A number of other hedge funds also recently added to or reduced their stakes in DHI. Quadrant Capital Group LLC increased its holdings in shares of D.R. Horton by 43.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 10,720 shares of the construction company’s stock worth $1,817,000 after acquiring an additional 3,247 shares during the period. Van ECK Associates Corp boosted its stake in D.R. Horton by 2.4% during the 3rd quarter. Van ECK Associates Corp now owns 51,686 shares of the construction company’s stock valued at $8,759,000 after purchasing an additional 1,229 shares during the period. Capital World Investors grew its position in D.R. Horton by 159.8% in the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after purchasing an additional 18,607,545 shares during the last quarter. Capital International Sarl raised its holdings in shares of D.R. Horton by 272.1% during the third quarter. Capital International Sarl now owns 23,014 shares of the construction company’s stock valued at $3,900,000 after buying an additional 16,829 shares during the last quarter. Finally, Capital International Inc. CA increased its position in D.R. Horton by 173.2% in the 3rd quarter. Capital International Inc. CA now owns 169,003 shares of the construction company’s stock valued at $28,641,000 after acquiring an additional 107,135 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Insider Activity

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a report on Monday, December 29th. Keefe, Bruyette & Woods reiterated a “reduce” rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Citizens Jmp reissued a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Evercore boosted their price target on shares of D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 21st. Finally, BTIG Research set a $182.00 price objective on shares of D.R. Horton in a report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $159.93.

D.R. Horton Trading Down 1.6%

Shares of D.R. Horton stock opened at $145.27 on Wednesday. The business has a fifty day simple moving average of $155.15 and a 200-day simple moving average of $156.97. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The firm has a market cap of $42.09 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 2.28 and a beta of 1.43. 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 (NYSE:DHI) last released 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 return on equity of 13.51% and a net margin of 9.95%.The firm had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period in the previous year, the company earned $2.61 earnings per share. D.R. Horton’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 fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were given a $0.45 dividend. The ex-dividend date was Thursday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s payout ratio is 16.35%.

About D.R. Horton

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.