Client 1ST Advisory Group LLC Makes New $395,000 Investment in D.R. Horton, Inc. (NYSE:DHI)

Client 1ST Advisory Group LLC bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,822 shares of the construction company’s stock, valued at approximately $395,000.

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

Analysts Set New Price Targets

A number of research analysts recently commented on DHI shares. BTIG Research lowered their price objective 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. Barclays dropped their price objective on shares of D.R. Horton from $170.00 to $150.00 and set an “equal weight” rating on the stock in a report on Thursday. UBS Group reduced 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. Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and cut their price target for the company from $188.00 to $156.00 in a report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, D.R. Horton has an average rating of “Hold” and a consensus price target of $176.20.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $147.83 on Monday. D.R. Horton, Inc. has a twelve month low of $133.02 and a twelve month high of $199.85. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average of $151.85 and a two-hundred day moving average of $169.02. The company has a market capitalization of $47.43 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.51 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $4.45 earnings per share. As a group, analysts expect that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal 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 dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.08%. D.R. Horton’s payout ratio is 11.14%.

Insider Activity

In related news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by company insiders.

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.