GHP Investment Advisors Inc. Acquires 6,180 Shares of D.R. Horton, Inc. (NYSE:DHI)

GHP Investment Advisors Inc. increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 414.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,670 shares of the construction company’s stock after acquiring an additional 6,180 shares during the quarter. GHP Investment Advisors Inc.’s holdings in D.R. Horton were worth $1,072,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mountaineer Partners Management LLC purchased a new position in shares of D.R. Horton in the 3rd quarter worth about $1,853,178,000. FMR LLC boosted its stake in D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after acquiring an additional 2,442,581 shares during the last quarter. Geode Capital Management LLC boosted its stake in D.R. Horton by 0.3% in the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock valued at $1,351,435,000 after acquiring an additional 21,073 shares during the last quarter. Smead Capital Management Inc. increased its stake in shares of D.R. Horton by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock worth $480,106,000 after purchasing an additional 84,835 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of D.R. Horton by 7.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after purchasing an additional 120,892 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Buying and Selling at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on DHI shares. Wells Fargo & Company lowered their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. The Goldman Sachs Group reduced their target price on shares of 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. JMP Securities restated a “market outperform” rating and set a $210.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Wedbush reissued a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. Finally, Bank of America lowered D.R. Horton from a “buy” rating to a “neutral” rating and cut their price target for the stock from $160.00 to $150.00 in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $170.93.

D.R. Horton Stock Performance

NYSE DHI opened at $128.99 on Friday. The company has a 50-day simple moving average of $145.66 and a two-hundred day simple moving average of $168.02. D.R. Horton, Inc. has a 12-month low of $127.47 and a 12-month high of $199.85. The firm has a market cap of $40.65 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 0.60 and a beta of 1.76. 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 posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) 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 business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the company earned $2.82 EPS. D.R. Horton’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities analysts forecast that D.R. Horton, Inc. will post 13.05 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.24%. D.R. Horton’s dividend payout ratio is currently 11.31%.

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.