Robinson Value Management Ltd. Acquires 1,526 Shares of D.R. Horton, Inc. (NYSE:DHI)

Robinson Value Management Ltd. boosted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,760 shares of the construction company’s stock after buying an additional 1,526 shares during the quarter. D.R. Horton makes up approximately 1.7% of Robinson Value Management Ltd.’s investment portfolio, making the stock its 19th largest position. Robinson Value Management Ltd.’s holdings in D.R. Horton were worth $2,623,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DHI. Mountaineer Partners Management LLC bought a new position in D.R. Horton in the 3rd quarter valued at approximately $1,853,178,000. FMR LLC raised its holdings in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in D.R. Horton during the 3rd quarter worth approximately $72,672,000. Nordea Investment Management AB raised its holdings in D.R. Horton by 112.7% during the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock worth $57,255,000 after purchasing an additional 215,947 shares during the last quarter. Finally, KBC Group NV raised its holdings in D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after purchasing an additional 212,112 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on DHI. Barclays lowered their price target on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $160.00 to $150.00 in a report on Monday, January 27th. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. UBS Group reduced their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, D.R. Horton has an average rating of “Hold” and a consensus target price of $170.93.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.54% of the company’s stock.

D.R. Horton Stock Performance

NYSE DHI opened at $128.99 on Friday. The company has a fifty day simple moving average of $144.87 and a 200 day simple moving average of $167.69. D.R. Horton, Inc. has a 12-month low of $127.47 and a 12-month high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a market cap of $40.65 billion, a P/E ratio of 9.12, a PEG ratio of 0.58 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.82 EPS. Sell-side analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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

About D.R. Horton

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.