OLD National Bancorp IN Has $1.17 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

OLD National Bancorp IN trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,687 shares of the construction company’s stock after selling 473 shares during the period. OLD National Bancorp IN’s holdings in D.R. Horton were worth $1,168,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BluePath Capital Management LLC acquired a new position in shares of D.R. Horton during the 3rd quarter worth about $33,000. Oakworth Capital Inc. bought a new stake in shares of D.R. Horton in the 4th quarter valued at about $38,000. First Pacific Financial bought a new stake in shares of D.R. Horton in the 3rd quarter valued at about $41,000. Silver Oak Securities Incorporated bought a new stake in shares of D.R. Horton in the 3rd quarter valued at about $43,000. Finally, JFS Wealth Advisors LLC raised its holdings in shares of D.R. Horton by 85.8% in the 3rd quarter. JFS Wealth Advisors LLC now owns 420 shares of the construction company’s stock valued at $45,000 after purchasing an additional 194 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider David V. Auld sold 25,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the sale, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the sale, the director now 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 is accessible through this link. Also, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the sale, the insider now 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 90 days, insiders have sold 27,560 shares of company stock worth $4,279,636. Corporate insiders own 1.74% of the company’s stock.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $148.03 on Wednesday. The company’s 50 day moving average price is $151.92 and its two-hundred day moving average price is $139.75. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $165.75. The firm has a market cap of $49.12 billion, a PE ratio of 10.08, a PEG ratio of 0.71 and a beta of 1.64. 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 (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.44. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates 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 business posted $2.73 EPS. Equities research analysts predict that D.R. Horton, Inc. will post 14.27 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.81%. D.R. Horton’s dividend payout ratio is 8.17%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DHI. Bank of America dropped their target price on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Royal Bank of Canada lowered their price target on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a report on Friday, April 19th. BTIG Research lowered their price target on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. 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. Finally, UBS Group increased their price target on shares of D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $158.06.

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.