Planned Solutions Inc. Takes Position in D.R. Horton, Inc. (NYSE:DHI)

Planned Solutions Inc. bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,159 shares of the construction company’s stock, valued at approximately $328,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of DHI. Evergreen Capital Management LLC boosted its position in shares of D.R. Horton by 53.7% during the 3rd quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock valued at $1,074,000 after acquiring an additional 3,489 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of D.R. Horton by 390.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock valued at $79,884,000 after buying an additional 591,787 shares in the last quarter. SteelPeak Wealth LLC purchased a new position in D.R. Horton in the third quarter worth about $218,000. O Shaughnessy Asset Management LLC increased its stake in D.R. Horton by 43.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 20,731 shares of the construction company’s stock worth $2,228,000 after acquiring an additional 6,272 shares during the last quarter. Finally, Berkshire Hathaway Inc bought a new stake in shares of D.R. Horton in the 2nd quarter valued at approximately $726,454,000. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on DHI shares. UBS Group raised their price target on D.R. Horton from $155.00 to $192.00 in a research report on Monday, January 22nd. Wedbush restated a “neutral” rating and set a $115.00 target price on shares of D.R. Horton in a research report on Tuesday, January 23rd. The Goldman Sachs Group increased their price target on D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Barclays upped their price objective on D.R. Horton from $143.00 to $166.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Finally, JMP Securities lifted their target price on D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.65.

Insider Transactions at D.R. Horton

In related news, insider David V. Auld sold 25,000 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Barbara K. Allen sold 1,748 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the transaction, the director now owns 5,650 shares in the company, valued at approximately $809,419. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the sale, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,197 shares of company stock worth $4,225,745. 1.74% of the stock is currently owned by company insiders.

D.R. Horton Price Performance

Shares of DHI opened at $162.05 on Thursday. The business’s 50-day moving average is $148.90 and its two-hundred day moving average is $133.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56. The company has a market capitalization of $53.77 billion, a P/E ratio of 11.66, a P/E/G ratio of 0.90 and a beta of 1.64. D.R. Horton, Inc. has a fifty-two week low of $94.22 and a fifty-two week high of $162.75.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 23rd. The construction company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.88 by ($0.06). D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The business had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same period in the previous year, the company earned $2.76 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts predict that D.R. Horton, Inc. will post 14.17 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Monday, February 5th. D.R. Horton’s dividend payout ratio is presently 8.63%.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.