Cornercap Investment Counsel Inc. Invests $245,000 in D.R. Horton, Inc. (NYSE:DHI)

Cornercap Investment Counsel Inc. purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,612 shares of the construction company’s stock, valued at approximately $245,000.

Several other hedge funds have also made changes to their positions in the company. Clear Street Markets LLC purchased a new position in D.R. Horton during the 4th quarter valued at about $28,000. Fairfield Bush & CO. purchased a new position in D.R. Horton during the first quarter valued at approximately $28,000. Mascoma Wealth Management LLC increased its stake in D.R. Horton by 345.6% in the 3rd quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock valued at $33,000 after buying an additional 235 shares during the period. BluePath Capital Management LLC acquired a new position in D.R. Horton in the 3rd quarter valued at approximately $33,000. Finally, First Pacific Financial purchased a new stake in D.R. Horton in the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

NYSE DHI opened at $145.74 on Thursday. The stock has a 50-day simple moving average of $151.94 and a 200 day simple moving average of $138.37. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $165.75. The stock has a market capitalization of $48.36 billion, a PE ratio of 10.48, a P/E/G ratio of 0.74 and a beta of 1.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 23rd. The construction company reported $2.82 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same quarter last year, the firm earned $2.76 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts anticipate that D.R. Horton, Inc. will post 14.24 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Monday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is presently 8.63%.

Insiders Place Their Bets

In other news, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the sale, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barbara K. Allen sold 1,748 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value 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 disclosure for this sale can be found here. Insiders have sold 27,197 shares of company stock worth $4,225,745 in the last ninety days. Insiders own 1.74% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DHI. JMP Securities upped their price target on shares of D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 24th. BTIG Research dropped their target price on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday. UBS Group lifted their price target on D.R. Horton from $155.00 to $192.00 in a report on Monday, January 22nd. Raymond James boosted their price target on D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Citigroup raised their price objective on shares of D.R. Horton from $166.00 to $191.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, D.R. Horton currently has an average rating of “Moderate Buy” and a consensus price target of $154.00.

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.