Plato Investment Management Ltd Buys 4,975 Shares of D.R. Horton, Inc. $DHI

Plato Investment Management Ltd boosted its stake in D.R. Horton, Inc. (NYSE:DHI) by 82.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,021 shares of the construction company’s stock after buying an additional 4,975 shares during the quarter. Plato Investment Management Ltd’s holdings in D.R. Horton were worth $1,595,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Concord Wealth Partners purchased a new position in shares of D.R. Horton during the 3rd quarter worth approximately $25,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of D.R. Horton during the 3rd quarter worth approximately $27,000. Sound Income Strategies LLC purchased a new position in shares of D.R. Horton during the 4th quarter worth approximately $27,000. Elevated Capital Advisors LLC purchased a new position in shares of D.R. Horton during the 4th quarter worth approximately $27,000. Finally, Ameriflex Group Inc. purchased a new position in shares of D.R. Horton during the 3rd quarter worth approximately $31,000. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

Shares of DHI opened at $147.56 on Monday. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average price is $146.25 and its 200-day moving average price is $150.41. D.R. Horton, Inc. has a 52 week low of $114.17 and a 52 week high of $184.54. The stock has a market cap of $41.85 billion, a P/E ratio of 13.83, a P/E/G ratio of 2.07 and a beta of 1.41.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The firm had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.55 billion. During the same period in the previous year, the firm posted $2.58 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities research analysts anticipate that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, May 7th. D.R. Horton’s payout ratio is currently 16.87%.

Insider Buying and Selling

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the sale, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of research analyst reports. The Goldman Sachs Group upped their target price on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Barclays upped their target price on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Citigroup upped their target price on D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Finally, Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $168.54.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.