Steel Grove Capital Advisors LLC Acquires New Holdings in D.R. Horton, Inc. (NYSE:DHI)

Steel Grove Capital Advisors LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,400 shares of the construction company’s stock, valued at approximately $213,000.

A number of other large investors have also made changes to their positions in DHI. Berkshire Hathaway Inc acquired a new position in shares of D.R. Horton in the 2nd quarter valued at approximately $726,454,000. Moneta Group Investment Advisors LLC increased its position in shares of D.R. Horton by 101,707.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,368,566 shares of the construction company’s stock worth $389,414,000 after acquiring an additional 4,364,275 shares in the last quarter. Norges Bank bought a new stake in D.R. Horton in the 4th quarter valued at $247,001,000. Holocene Advisors LP boosted its stake in D.R. Horton by 1,001.5% in the 2nd quarter. Holocene Advisors LP now owns 1,244,639 shares of the construction company’s stock worth $151,460,000 after purchasing an additional 1,131,640 shares during the period. Finally, Marshall Wace LLP bought a new position in D.R. Horton during the 2nd quarter worth about $129,008,000. Institutional investors own 90.63% of the company’s stock.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 1,748 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the transaction, the director now owns 5,650 shares of the company’s stock, valued at $809,419. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Barbara K. Allen sold 1,748 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at $809,419. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barbara K. Allen sold 449 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,197 shares of company stock valued at $4,225,745. 1.74% of the stock is currently owned by company insiders.

D.R. Horton Stock Performance

Shares of D.R. Horton stock traded up $2.71 on Thursday, hitting $164.76. The stock had a trading volume of 875,711 shares, compared to its average volume of 2,546,466. The stock has a market cap of $54.67 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 0.90 and a beta of 1.64. The business’s 50 day moving average is $148.90 and its two-hundred day moving average is $133.59. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22. D.R. Horton, Inc. has a twelve month low of $94.22 and a twelve month high of $165.21.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data 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 firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.55 billion. During the same quarter in the previous year, the business earned $2.76 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts forecast that D.R. Horton, Inc. will post 14.17 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were given a dividend of $0.30 per share. The ex-dividend date was Monday, February 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.73%. D.R. Horton’s payout ratio is presently 8.63%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DHI. StockNews.com downgraded D.R. Horton from a “buy” rating to a “hold” rating in a report on Monday, December 4th. The Goldman Sachs Group increased their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Seaport Res Ptn downgraded D.R. Horton from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Keefe, Bruyette & Woods reduced their price target on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, January 24th. Finally, Barclays upped their price objective on D.R. Horton from $143.00 to $166.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $148.65.

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.