180 Wealth Advisors LLC Purchases 504 Shares of D.R. Horton, Inc. (NYSE:DHI)

180 Wealth Advisors LLC raised its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,254 shares of the construction company’s stock after acquiring an additional 504 shares during the period. 180 Wealth Advisors LLC’s holdings in D.R. Horton were worth $1,194,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Rise Advisors LLC bought a new stake in shares of D.R. Horton in the first quarter valued at about $27,000. Riverview Trust Co acquired a new position in shares of D.R. Horton in the first quarter valued at $30,000. Oakworth Capital Inc. acquired a new stake in D.R. Horton during the fourth quarter worth $38,000. Private Wealth Management Group LLC bought a new stake in D.R. Horton in the 4th quarter valued at $42,000. Finally, Silver Oak Securities Incorporated bought a new stake in D.R. Horton in the 3rd quarter valued at $43,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Trading Up 0.6 %

DHI traded up $0.89 during mid-day trading on Thursday, hitting $141.21. The stock had a trading volume of 1,405,589 shares, compared to its average volume of 2,459,465. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75. The firm has a market capitalization of $46.50 billion, a price-to-earnings ratio of 9.62, a price-to-earnings-growth ratio of 0.70 and a beta of 1.68. 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 stock’s fifty day simple moving average is $145.22 and its 200-day simple moving average is $148.57.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. During the same period in the previous year, the company posted $2.73 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. As a group, research analysts forecast that D.R. Horton, Inc. will post 14.26 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently weighed in on DHI. UBS Group lifted their target price on shares of D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Wedbush reiterated an “underperform” rating and set a $130.00 price objective on shares of D.R. Horton in a research note on Thursday, April 18th. Bank of America reduced their target price on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Citigroup reduced their price target on shares of D.R. Horton from $191.00 to $181.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of D.R. Horton from $172.00 to $178.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.31.

Insider Buying and Selling at D.R. Horton

In related news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction 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 directly owns 5,650 shares in the company, valued at $838,799. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Barbara K. Allen sold 363 shares of the stock in a transaction 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 completion of the transaction, the director now owns 5,650 shares in the company, valued at $838,799. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael R. Buchanan sold 2,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $150.70, for a total transaction of $301,400.00. Following the sale, the director now directly owns 1,703 shares in the company, valued at $256,642.10. The disclosure for this sale can be found here. 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.