Kennedy Capital Management LLC Sells 4,558 Shares of D.R. Horton, Inc. (NYSE:DHI)

Kennedy Capital Management LLC reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,421 shares of the construction company’s stock after selling 4,558 shares during the period. Kennedy Capital Management LLC’s holdings in D.R. Horton were worth $10,765,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rise Advisors LLC bought a new position in shares of D.R. Horton during the 1st quarter worth approximately $27,000. RiverPark Advisors LLC acquired a new position in D.R. Horton during the first quarter worth $29,000. Riverview Trust Co bought a new position in D.R. Horton in the first quarter valued at $30,000. Oakworth Capital Inc. bought a new position in D.R. Horton in the fourth quarter valued at $38,000. Finally, Private Wealth Management Group LLC bought a new position in D.R. Horton in the fourth quarter valued at $42,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Up 1.0 %

DHI traded up $1.73 during trading on Tuesday, reaching $180.44. 2,001,350 shares of the company’s stock were exchanged, compared to its average volume of 2,572,757. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $181.37. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $58.79 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 0.79 and a beta of 1.71. The firm has a fifty day moving average price of $148.32 and a two-hundred day moving average price of $149.32.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.75 by $0.35. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The firm had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.61 billion. During the same period in the previous year, the firm posted $3.90 EPS. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 14.45 earnings per share for the current fiscal year.

D.R. Horton declared that its board has initiated a share buyback plan on Thursday, July 18th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the construction company to buy up to 6.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.67%. D.R. Horton’s dividend payout ratio (DPR) is currently 8.17%.

Insider Transactions at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,000 shares of the business’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 approximately $256,642.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.74% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of analyst reports. UBS Group raised their target price on shares of D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. raised their target price on shares of D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. BTIG Research cut their target price on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. StockNews.com cut shares of D.R. Horton from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Finally, Citigroup cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $181.00 to $156.00 in a research note on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and a consensus target price of $175.60.

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.