1,505 Shares in D.R. Horton, Inc. (NYSE:DHI) Purchased by Westhampton Capital LLC

Westhampton Capital LLC acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,505 shares of the construction company’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Algert Global LLC increased its holdings in D.R. Horton by 11.4% in the 2nd quarter. Algert Global LLC now owns 2,730 shares of the construction company’s stock worth $385,000 after acquiring an additional 280 shares in the last quarter. Creative Planning grew its position in shares of D.R. Horton by 1.8% in the second quarter. Creative Planning now owns 37,322 shares of the construction company’s stock valued at $5,260,000 after purchasing an additional 670 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of D.R. Horton by 8.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 17,685 shares of the construction company’s stock worth $2,493,000 after purchasing an additional 1,422 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of D.R. Horton by 67.2% during the 2nd quarter. NewEdge Advisors LLC now owns 10,682 shares of the construction company’s stock worth $1,505,000 after purchasing an additional 4,295 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in D.R. Horton by 5.5% in the 2nd quarter. EP Wealth Advisors LLC now owns 7,345 shares of the construction company’s stock valued at $1,035,000 after buying an additional 384 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of research analyst reports. Evercore ISI reduced their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. The Goldman Sachs Group decreased their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Royal Bank of Canada reissued an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, BTIG Research dropped their price objective on shares of 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $170.20.

D.R. Horton Stock Down 1.5 %

Shares of DHI opened at $141.85 on Thursday. The company’s 50-day moving average price is $149.42 and its 200 day moving average price is $169.24. D.R. Horton, Inc. has a 12-month low of $133.02 and a 12-month high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20. The firm has a market cap of $45.51 billion, a P/E ratio of 10.02, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the firm earned $2.82 EPS. The business’s revenue was down 1.5% on a year-over-year basis. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 13.87 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

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.