D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Csenge Advisory Group

Csenge Advisory Group decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,711 shares of the construction company’s stock after selling 78 shares during the quarter. Csenge Advisory Group’s holdings in D.R. Horton were worth $446,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of DHI. Norges Bank bought a new stake in shares of D.R. Horton during the fourth quarter valued at about $516,530,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of D.R. Horton by 62.4% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company’s stock valued at $207,864,000 after purchasing an additional 525,705 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of D.R. Horton by 21.7% during the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock valued at $412,503,000 after purchasing an additional 484,058 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of D.R. Horton by 295.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,992 shares of the construction company’s stock valued at $89,678,000 after purchasing an additional 407,076 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its stake in shares of D.R. Horton by 1,719.1% during the fourth quarter. Panagora Asset Management Inc. now owns 429,445 shares of the construction company’s stock valued at $65,267,000 after purchasing an additional 405,838 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

D.R. Horton stock traded up $9.26 during mid-day trading on Thursday, reaching $148.85. The company had a trading volume of 2,744,617 shares, compared to its average volume of 2,453,321. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $165.75. The company has a 50 day moving average of $143.78 and a 200-day moving average of $147.86. The firm has a market cap of $49.02 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 0.68 and a beta of 1.71.

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

D.R. Horton Announces Dividend

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

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at approximately $838,799. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the sale, the director now owns 1,703 shares in the company, valued at approximately $256,642.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Barbara K. Allen sold 363 shares of D.R. Horton stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the sale, the director now owns 5,650 shares of the company’s stock, valued at approximately $838,799. The disclosure for this sale can be found here. 1.74% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of recent analyst reports. Bank of America cut their price objective on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Barclays dropped their price objective on shares of D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. BTIG Research dropped their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. StockNews.com lowered shares of D.R. Horton from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Finally, Jefferies Financial Group upped their price objective on shares of D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $156.75.

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.