abrdn plc Purchases 62,158 Shares of D.R. Horton, Inc. (NYSE:DHI)

abrdn plc lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 68.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,550 shares of the construction company’s stock after purchasing an additional 62,158 shares during the quarter. abrdn plc’s holdings in D.R. Horton were worth $23,337,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Evergreen Capital Management LLC boosted its position in shares of D.R. Horton by 53.7% during the 3rd quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock worth $1,074,000 after purchasing an additional 3,489 shares in the last quarter. Voss Capital LLC bought a new position in shares of D.R. Horton during the 4th quarter worth about $7,599,000. Los Angeles Capital Management LLC boosted its position in shares of D.R. Horton by 390.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock worth $79,884,000 after purchasing an additional 591,787 shares in the last quarter. SteelPeak Wealth LLC bought a new position in D.R. Horton in the 3rd quarter valued at about $218,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in D.R. Horton by 12.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,241 shares of the construction company’s stock valued at $10,371,000 after acquiring an additional 7,600 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 449 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the transaction, the director now owns 5,650 shares in the company, valued at $844,053.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider David V. Auld sold 25,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 773,121 shares in the company, valued at $120,862,005.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The disclosure for this sale can be found here. Insiders have sold a total of 27,560 shares of company stock worth $4,279,636 over the last quarter. Company insiders own 1.74% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the topic of several recent research reports. The Goldman Sachs Group raised their price target on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Raymond James raised their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. JMP Securities raised their price target on shares of D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 24th. Wedbush reiterated an “underperform” rating and issued a $130.00 price objective on shares of D.R. Horton in a research note on Thursday, April 18th. Finally, BTIG Research decreased their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $158.06.

D.R. Horton Trading Up 3.5 %

Shares of NYSE DHI opened at $148.03 on Wednesday. The firm’s 50 day moving average price is $151.92 and its 200-day moving average price is $139.75. The company has a market cap of $49.12 billion, a PE ratio of 10.08, a P/E/G ratio of 0.70 and a beta of 1.64. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $165.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.44. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.73 earnings per share. On average, equities research analysts expect that D.R. Horton, Inc. will post 14.25 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.81%. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

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.