D.R. Horton, Inc. (NYSE:DHI) Stock Holdings Lessened by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. reduced its holdings in D.R. Horton, Inc. (NYSE:DHI) by 0.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 53,499 shares of the construction company’s stock after selling 169 shares during the quarter. D.R. Horton makes up 1.9% of Contravisory Investment Management Inc.’s portfolio, making the stock its 15th biggest position. Contravisory Investment Management Inc.’s holdings in D.R. Horton were worth $8,803,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Rise Advisors LLC bought a new stake in D.R. Horton in the 1st quarter valued at about $27,000. Oakworth Capital Inc. bought a new stake in D.R. Horton in the 4th quarter valued at about $38,000. Private Wealth Management Group LLC bought a new stake in D.R. Horton in the 4th quarter valued at about $42,000. Friedenthal Financial bought a new stake in shares of D.R. Horton during the 4th quarter worth about $47,000. Finally, AdvisorNet Financial Inc raised its position in shares of D.R. Horton by 81.8% during the 4th quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock worth $55,000 after buying an additional 162 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Up 0.9 %

NYSE DHI traded up $1.24 during trading on Friday, reaching $142.39. The company’s stock had a trading volume of 3,460,056 shares, compared to its average volume of 1,939,366. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $46.89 billion, a PE ratio of 9.69, a PEG ratio of 0.70 and a beta of 1.68. The business has a 50-day moving average price of $145.54 and a 200-day moving average price of $148.45. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same period in the previous year, the company earned $2.73 earnings per share. D.R. Horton’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, research analysts forecast that D.R. Horton, Inc. will post 14.26 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, May 2nd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is currently 8.17%.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 363 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the transaction, the director now owns 5,650 shares of the company’s stock, valued at $838,799. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the sale, the director now owns 5,650 shares of the company’s stock, valued at approximately $838,799. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael R. Buchanan sold 2,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the sale, the director now directly owns 1,703 shares in the company, valued at approximately $256,642.10. The disclosure for this sale can be found here. 1.74% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on DHI shares. Bank of America dropped their price target on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Wedbush reaffirmed an “underperform” rating and issued a $130.00 price objective on shares of D.R. Horton in a research note on Thursday, April 18th. Keefe, Bruyette & Woods lifted their price objective on shares of D.R. Horton from $172.00 to $178.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. UBS Group lifted their price objective on shares of D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Finally, Citigroup lowered their price objective on shares of D.R. Horton from $191.00 to $181.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton presently has an average rating of “Moderate Buy” and a consensus target price of $158.31.

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.