Park Place Capital Corp Sells 410 Shares of D.R. Horton, Inc. (NYSE:DHI)

Park Place Capital Corp decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 42.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 564 shares of the construction company’s stock after selling 410 shares during the period. Park Place Capital Corp’s holdings in D.R. Horton were worth $93,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rise Advisors LLC bought a new position in shares of D.R. Horton during the first quarter valued at approximately $27,000. Riverview Trust Co bought a new position in shares of D.R. Horton during the first quarter valued at approximately $30,000. Oakworth Capital Inc. bought a new position in shares of D.R. Horton during the fourth quarter valued at approximately $38,000. Private Wealth Management Group LLC purchased a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $42,000. Finally, Silver Oak Securities Incorporated purchased a new stake in shares of D.R. Horton during the third quarter valued at approximately $43,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of D.R. Horton stock traded down $3.89 on Monday, hitting $137.04. 2,477,904 shares of the company’s stock were exchanged, compared to its average volume of 2,462,240. The company has a 50-day simple moving average of $145.10 and a 200-day simple moving average of $148.62. The stock has a market capitalization of $45.13 billion, a PE ratio of 9.33, a PEG ratio of 0.70 and a beta of 1.71. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $165.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35.

D.R. Horton (NYSE:DHI) last issued its quarterly 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. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company’s revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.73 EPS. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 14.26 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.88%. D.R. Horton’s payout ratio is 8.17%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DHI shares. Citigroup cut 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 report on Friday, May 17th. UBS Group increased their price target on shares of D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 19th. Wedbush reiterated an “underperform” rating and set a $130.00 price target on shares of D.R. Horton in a report on Thursday, April 18th. Barclays cut their price target on shares of D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Finally, StockNews.com cut shares of D.R. Horton from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, D.R. Horton currently has a consensus rating of “Moderate Buy” and an average target price of $158.31.

Insider Activity

In other 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 approximately $838,799. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of D.R. Horton stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the sale, the director now directly owns 5,650 shares in the company, valued at approximately $838,799. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the sale, the director now 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.

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.