AEGON ASSET MANAGEMENT UK Plc Acquires 1,546 Shares of D.R. Horton, Inc. (NYSE:DHI)

AEGON ASSET MANAGEMENT UK Plc increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,245 shares of the construction company’s stock after purchasing an additional 1,546 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in D.R. Horton were worth $8,281,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DHI. Coastline Trust Co purchased a new stake in D.R. Horton during the 3rd quarter valued at approximately $26,000. Rakuten Securities Inc. boosted its position in shares of D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after acquiring an additional 117 shares during the last quarter. Wolff Wiese Magana LLC grew its stake in D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after acquiring an additional 196 shares in the last quarter. Grove Bank & Trust increased its holdings in D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after acquiring an additional 93 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in D.R. Horton in the 3rd quarter worth $47,000. Institutional investors own 90.63% of the company’s stock.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DHI has been the subject of a number of research analyst reports. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday. Royal Bank of Canada restated an “underperform” rating and set a $125.00 price target on shares of D.R. Horton in a report on Wednesday. UBS Group decreased their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and cut their target price for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Finally, 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 research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $174.53.

D.R. Horton Stock Performance

D.R. Horton stock opened at $142.98 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.61. The firm has a market capitalization of $45.87 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. D.R. Horton, Inc. has a 1-year low of $133.02 and a 1-year high of $199.85. The company’s 50-day moving average is $150.06 and its 200 day moving average is $168.89.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7,120,170 billion. During the same period in the prior year, the business posted $2.82 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Research analysts forecast that D.R. Horton, Inc. will post 13.87 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s payout ratio is presently 11.31%.

D.R. Horton Company 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.