Empowered Funds LLC Acquires 62,838 Shares of D.R. Horton, Inc. (NYSE:DHI)

Empowered Funds LLC increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 142.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 106,852 shares of the construction company’s stock after purchasing an additional 62,838 shares during the quarter. Empowered Funds LLC’s holdings in D.R. Horton were worth $14,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TCI Wealth Advisors Inc. increased its position in D.R. Horton by 4.1% during the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after acquiring an additional 58 shares during the last quarter. Covestor Ltd increased its position in D.R. Horton by 6.6% in the third quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after buying an additional 66 shares in the last quarter. Insigneo Advisory Services LLC increased its position in D.R. Horton by 1.9% in the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock worth $695,000 after buying an additional 67 shares in the last quarter. Demars Financial Group LLC increased its position in D.R. Horton by 3.5% in the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock worth $419,000 after buying an additional 74 shares in the last quarter. Finally, Private Trust Co. NA boosted its stake in shares of D.R. Horton by 1.0% in the third quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock worth $1,454,000 after acquiring an additional 78 shares during the period. 90.63% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction 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 filing with the SEC, which is available through this link. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

DHI has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Barclays dropped their price target on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. The Goldman Sachs Group dropped their price target on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Wedbush reissued a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. Finally, UBS Group lowered their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Trading Down 5.3 %

DHI opened at $128.99 on Friday. The stock’s fifty day moving average is $144.87 and its two-hundred day moving average is $167.69. The company has a market capitalization of $40.65 billion, a P/E ratio of 9.12, a PEG ratio of 0.58 and a beta of 1.76. D.R. Horton, Inc. has a 52 week low of $127.47 and a 52 week high of $199.85. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. D.R. Horton’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the business posted $2.82 EPS. Analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share 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. The ex-dividend date is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.24%. D.R. Horton’s dividend 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.