D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 12.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,056 shares of the construction company’s stock after buying an additional 446 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in D.R. Horton were worth $616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in DHI. Apollon Wealth Management LLC increased its holdings in D.R. Horton by 212.1% in the 4th quarter. Apollon Wealth Management LLC now owns 15,629 shares of the construction company’s stock valued at $2,375,000 after purchasing an additional 10,621 shares during the last quarter. UNIVEST FINANCIAL Corp acquired a new stake in D.R. Horton in the 4th quarter valued at approximately $247,000. Maryland State Retirement & Pension System increased its holdings in D.R. Horton by 1.9% in the 4th quarter. Maryland State Retirement & Pension System now owns 24,214 shares of the construction company’s stock valued at $3,680,000 after purchasing an additional 453 shares during the last quarter. Summit Trail Advisors LLC acquired a new stake in D.R. Horton in the 4th quarter valued at approximately $233,000. Finally, Spire Wealth Management increased its holdings in D.R. Horton by 282.6% in the 4th quarter. Spire Wealth Management now owns 2,778 shares of the construction company’s stock valued at $431,000 after purchasing an additional 2,052 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the transaction, the director now directly owns 5,650 shares in the company, valued at $844,053.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the transaction, the director now directly owns 5,650 shares in the company, valued at $844,053.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares in the company, valued at $120,862,005.93. The disclosure for this sale can be found here. Insiders sold a total of 27,812 shares of company stock valued at $4,330,617 over the last ninety days. Insiders own 1.74% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI opened at $147.75 on Thursday. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75. The stock has a market cap of $48.66 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 0.73 and a beta of 1.66. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. The firm has a fifty day moving average price of $152.32 and a 200 day moving average price of $142.72.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating 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 firm 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 quarterly revenue was up 14.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 14.31 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.81%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Wall Street Analyst Weigh In

DHI has been the subject of several research reports. BTIG Research dropped 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 report on Tuesday, April 16th. Raymond James raised their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Seaport Res Ptn cut shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Jefferies Financial Group raised their price target on shares of D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Finally, Royal Bank of Canada decreased their price target on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $158.41.

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.