Koshinski Asset Management Inc. Buys 604 Shares of D.R. Horton, Inc. (NYSE:DHI)

Koshinski Asset Management Inc. lifted its stake in D.R. Horton, Inc. (NYSE:DHI) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,411 shares of the construction company’s stock after buying an additional 604 shares during the quarter. Koshinski Asset Management Inc.’s holdings in D.R. Horton were worth $1,613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Cresset Asset Management LLC grew its position in shares of D.R. Horton by 2.8% during the fourth quarter. Cresset Asset Management LLC now owns 5,058 shares of the construction company’s stock worth $349,000 after purchasing an additional 136 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of D.R. Horton by 12.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,470 shares of the construction company’s stock worth $101,000 after purchasing an additional 159 shares in the last quarter. Curbstone Financial Management Corp grew its position in shares of D.R. Horton by 1.7% during the fourth quarter. Curbstone Financial Management Corp now owns 11,490 shares of the construction company’s stock worth $792,000 after purchasing an additional 190 shares in the last quarter. San Francisco Sentry Investment Group CA grew its position in shares of D.R. Horton by 10.5% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 2,236 shares of the construction company’s stock worth $154,000 after purchasing an additional 213 shares in the last quarter. Finally, AGF Investments LLC grew its position in shares of D.R. Horton by 6.0% during the fourth quarter. AGF Investments LLC now owns 3,873 shares of the construction company’s stock worth $267,000 after purchasing an additional 218 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of D.R. Horton stock opened at $92.17 on Thursday. The stock has a market cap of $33.52 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 0.67 and a beta of 1.70. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.82 and a current ratio of 6.70. The stock has a 50 day moving average price of $82.74 and a 200-day moving average price of $75.81. D.R. Horton, Inc. has a one year low of $36.79 and a one year high of $94.20.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Monday, January 25th. The construction company reported $2.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.42. D.R. Horton had a return on equity of 20.67% and a net margin of 11.69%. The firm had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same period last year, the company earned $1.16 EPS. D.R. Horton’s quarterly revenue was up 47.6% compared to the same quarter last year. Sell-side analysts predict that D.R. Horton, Inc. will post 8.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 25th. Investors of record on Wednesday, February 17th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Tuesday, February 16th. D.R. Horton’s dividend payout ratio is currently 12.99%.

Several research firms recently issued reports on DHI. Barclays increased their target price on D.R. Horton from $81.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, December 18th. Credit Suisse Group raised their price target on D.R. Horton from $88.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, January 27th. BTIG Research raised their price target on D.R. Horton from $98.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, January 27th. JPMorgan Chase & Co. upgraded D.R. Horton from a “neutral” rating to an “overweight” rating in a report on Wednesday, March 17th. Finally, KeyCorp raised their price target on D.R. Horton from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, March 31st. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $85.95.

In related news, VP Aron M. Odom sold 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 10th. The stock was sold at an average price of $81.96, for a total transaction of $450,780.00. Following the completion of the sale, the vice president now directly owns 4,645 shares of the company’s stock, valued at approximately $380,704.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael W. Hewatt sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 23rd. The stock was sold at an average price of $85.30, for a total value of $426,500.00. Following the sale, the director now directly owns 10,342 shares of the company’s stock, valued at $882,172.60. The disclosure for this sale can be found here. Insiders have sold a total of 18,419 shares of company stock valued at $1,499,876 over the last three months. 0.46% of the stock is owned by corporate insiders.

D.R. Horton Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 29 states and 88 markets under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, and Freedom Homes.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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