Atlantic Union Bankshares Corp Acquires 949 Shares of D.R. Horton, Inc. (NYSE:DHI)

Atlantic Union Bankshares Corp lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,761 shares of the construction company’s stock after buying an additional 949 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in D.R. Horton were worth $7,859,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. 180 Wealth Advisors LLC grew its stake in D.R. Horton by 7.5% in the 1st quarter. 180 Wealth Advisors LLC now owns 7,254 shares of the construction company’s stock worth $1,194,000 after acquiring an additional 504 shares in the last quarter. Overbrook Management Corp bought a new position in D.R. Horton in the 1st quarter worth about $8,070,000. Sunbelt Securities Inc. grew its stake in D.R. Horton by 12.7% in the 1st quarter. Sunbelt Securities Inc. now owns 3,812 shares of the construction company’s stock worth $627,000 after acquiring an additional 429 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in D.R. Horton by 8.8% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 30,534 shares of the construction company’s stock worth $5,024,000 after acquiring an additional 2,477 shares in the last quarter. Finally, Riverview Trust Co bought a new position in D.R. Horton in the 1st quarter worth about $30,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of D.R. Horton stock traded down $0.32 on Friday, hitting $140.88. The stock had a trading volume of 2,792,031 shares, compared to its average volume of 2,462,863. 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 cap of $46.39 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 0.70 and a beta of 1.68. The company’s 50 day moving average price is $145.10 and its 200 day moving average price is $148.53. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $165.75.

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

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.85%. D.R. Horton’s dividend payout ratio is currently 8.17%.

Wall Street Analyst Weigh In

DHI has been the subject of several research reports. Citigroup lowered their price target on shares of D.R. Horton from $191.00 to $181.00 and set a “buy” rating for the company in a research report on Friday, May 17th. BTIG Research lowered their price target on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. StockNews.com cut shares of D.R. Horton from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Bank of America lowered their price target on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Finally, Wedbush reaffirmed an “underperform” rating and issued a $130.00 price target on shares of D.R. Horton in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, D.R. Horton currently has a consensus rating of “Moderate Buy” and an average price target of $158.31.

Insider Buying and Selling

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

D.R. Horton Company 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.