Cornercap Investment Counsel Inc. Buys New Shares in D.R. Horton, Inc. (NYSE:DHI)

Cornercap Investment Counsel Inc. purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, Holdings Channel reports. The fund purchased 1,612 shares of the construction company’s stock, valued at approximately $245,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Mascoma Wealth Management LLC boosted its holdings in shares of D.R. Horton by 345.6% in the 3rd quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock valued at $33,000 after buying an additional 235 shares during the last quarter. BluePath Capital Management LLC bought a new stake in D.R. Horton during the third quarter worth $33,000. Friedenthal Financial acquired a new stake in D.R. Horton in the fourth quarter valued at $47,000. Clear Street Markets LLC acquired a new position in shares of D.R. Horton during the 4th quarter worth about $28,000. Finally, AdvisorNet Financial Inc grew its holdings in D.R. Horton by 81.8% during the fourth quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock worth $55,000 after purchasing an additional 162 shares during the period. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $145.74 on Thursday. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $165.75. The business has a fifty day moving average price of $151.94 and a two-hundred day moving average price of $138.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.56 and a quick ratio of 1.20. The stock has a market capitalization of $48.36 billion, a PE ratio of 10.48, a P/E/G ratio of 0.74 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 23rd. The construction company reported $2.82 EPS for the quarter, missing the consensus estimate of $2.88 by ($0.06). The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. D.R. Horton’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.76 earnings per share. As a group, equities analysts predict that D.R. Horton, Inc. will post 14.24 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.20 annualized dividend and a dividend yield of 0.82%. D.R. Horton’s payout ratio is 8.63%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DHI. Raymond James raised their price objective on D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. UBS Group raised their price target on D.R. Horton from $155.00 to $192.00 in a report on Monday, January 22nd. Barclays increased their price objective on shares of D.R. Horton from $166.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Seaport Res Ptn downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Finally, JMP Securities increased 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 report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, D.R. Horton has a consensus rating of “Moderate Buy” and an average price target of $154.00.

Insider Transactions at D.R. Horton

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 5,650 shares in the company, valued at $844,053.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the sale, the insider now directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,197 shares of company stock valued at $4,225,745. Corporate insiders own 1.74% of the company’s stock.

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.