Inceptionr LLC Invests $1.60 Million in D.R. Horton, Inc. $DHI

Inceptionr LLC bought a new position in D.R. Horton, Inc. (NYSE:DHI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,421 shares of the construction company’s stock, valued at approximately $1,597,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DHI. Norges Bank purchased a new stake in shares of D.R. Horton during the second quarter valued at $494,278,000. Berkshire Hathaway Inc purchased a new position in D.R. Horton in the 2nd quarter worth about $191,491,000. Viking Global Investors LP raised its holdings in D.R. Horton by 108.3% during the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after buying an additional 1,469,978 shares during the period. TD Asset Management Inc raised its holdings in D.R. Horton by 769.3% during the 3rd quarter. TD Asset Management Inc now owns 893,226 shares of the construction company’s stock worth $151,375,000 after buying an additional 790,475 shares during the period. Finally, AQR Capital Management LLC lifted its stake in D.R. Horton by 136.4% during the second quarter. AQR Capital Management LLC now owns 1,073,583 shares of the construction company’s stock valued at $137,934,000 after buying an additional 619,509 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

DHI stock opened at $147.45 on Monday. The firm has a 50 day simple moving average of $155.11 and a 200 day simple moving average of $157.25. 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 $42.72 billion, a P/E ratio of 13.39, a P/E/G ratio of 2.28 and a beta of 1.43. 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 (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the prior year, the business earned $2.61 EPS. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. Research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared 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 1.2%. D.R. Horton’s dividend payout ratio is 16.35%.

Insider Activity

In related 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 directly owned 6,457 shares in the company, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.66% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Truist Financial set a $155.00 target price on shares of D.R. Horton and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. UBS Group set a $163.00 price target on shares of D.R. Horton in a research report on Tuesday, January 27th. Barclays decreased their price objective on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 21st. Citigroup cut 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 note on Thursday, January 8th. Finally, Bank of America set a $158.00 target price on D.R. Horton in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $159.93.

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.