Whalen Wealth Management Inc. Makes New Investment in D.R. Horton, Inc. (NYSE:DHI)

Whalen Wealth Management Inc. bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, Holdings Channel reports. The fund bought 1,686 shares of the construction company’s stock, valued at approximately $236,000.

Other hedge funds also recently bought and sold shares of the company. KBC Group NV increased its holdings in shares of D.R. Horton by 360.0% in the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after purchasing an additional 212,112 shares during the period. Legacy CG LLC purchased a new position in D.R. Horton during the third quarter worth about $4,220,000. Toronto Dominion Bank increased its stake in D.R. Horton by 17.3% in the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock worth $20,025,000 after acquiring an additional 15,460 shares during the last quarter. Pensionfund Sabic raised its holdings in shares of D.R. Horton by 70.2% in the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock valued at $1,356,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its position in shares of D.R. Horton by 904.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock valued at $7,795,000 after acquiring an additional 36,780 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. JMP Securities restated a “market outperform” rating and issued a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday. The Goldman Sachs Group decreased their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Evercore ISI reduced their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and set a $125.00 price target on shares of D.R. Horton in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $174.53.

D.R. Horton Stock Up 2.3 %

Shares of D.R. Horton stock opened at $147.01 on Thursday. The company’s 50 day moving average price is $150.81 and its 200-day moving average price is $169.01. D.R. Horton, Inc. has a 52-week low of $133.02 and a 52-week high of $199.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The stock has a market capitalization of $47.17 billion, a price-to-earnings ratio of 10.39, a P/E/G ratio of 0.54 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7,120,170 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.55%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.82 earnings per share. Equities research analysts forecast that D.R. Horton, Inc. will post 13.97 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

D.R. Horton Profile

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.