Park National Corp OH Grows Stake in D.R. Horton, Inc. (NYSE:DHI)

Park National Corp OH grew its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 8.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 212,815 shares of the construction company's stock after purchasing an additional 17,441 shares during the period. D.R. Horton makes up approximately 1.1% of Park National Corp OH's holdings, making the stock its 29th largest position. Park National Corp OH owned approximately 0.07% of D.R. Horton worth $29,756,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DHI. Mountaineer Partners Management LLC bought a new stake in shares of D.R. Horton in the 3rd quarter worth $1,853,178,000. FMR LLC increased its holdings in D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock worth $1,508,252,000 after buying an additional 2,442,581 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in D.R. Horton in the 3rd quarter worth about $72,672,000. Nordea Investment Management AB boosted its holdings in shares of 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 valued at $57,255,000 after acquiring an additional 215,947 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of D.R. Horton by 360.0% in the third quarter. KBC Group NV now owns 271,038 shares of the construction company's stock worth $51,706,000 after acquiring an additional 212,112 shares during the period. 90.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company's stock.

D.R. Horton Price Performance

DHI stock traded up $2.13 during trading on Wednesday, reaching $139.97. The company's stock had a trading volume of 3,066,552 shares, compared to its average volume of 2,791,319. The company's fifty day moving average is $155.58 and its 200-day moving average is $168.66. D.R. Horton, Inc. has a 1 year low of $133.02 and a 1 year high of $199.85. The company has a market capitalization of $44.91 billion, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 0.57 and a beta of 1.75. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.22 billion. During the same quarter in the prior year, the business posted $4.45 EPS. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, research analysts expect that D.R. Horton, Inc. will post 14.17 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a $0.40 dividend. This is an increase from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton's payout ratio is currently 11.14%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DHI. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. Bank of America raised their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Citigroup lowered their target price on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a report on Monday. BTIG Research cut their price target on D.R. Horton from $190.00 to $186.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Finally, Raymond James cut shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, D.R. Horton currently has a consensus rating of "Hold" and an average target price of $176.67.

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.