D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC raised its position in D.R. Horton, Inc. (NYSE:DHI) by 2.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,424 shares of the construction company’s stock after purchasing an additional 280 shares during the period. HB Wealth Management LLC’s holdings in D.R. Horton were worth $1,458,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Coastline Trust Co purchased a new stake in shares of D.R. Horton in the 3rd quarter worth about $26,000. Rakuten Securities Inc. lifted its holdings in shares of D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton grew its position in shares of D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after purchasing an additional 165 shares during the last quarter. Wolff Wiese Magana LLC increased its stake in shares of D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after purchasing an additional 196 shares in the last quarter. Finally, Grove Bank & Trust raised its position in shares of D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after purchasing an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

D.R. Horton Stock Performance

NYSE DHI opened at $147.83 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. D.R. Horton, Inc. has a 1-year low of $133.02 and a 1-year high of $199.85. The firm has a market capitalization of $47.43 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.51 and a beta of 1.75. The business’s 50-day simple moving average is $151.85 and its 200-day simple moving average is $169.02.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period last year, the firm earned $4.45 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. Equities analysts predict that D.R. Horton, Inc. will post 14.03 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a $0.40 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.08%. D.R. Horton’s dividend payout ratio is presently 11.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DHI shares. Royal Bank of Canada lowered their target price on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a report on Wednesday, October 30th. Evercore ISI decreased their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. UBS Group cut their target price on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. 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 company from $188.00 to $156.00 in a research note on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $176.20.

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.