Dixon Mitchell Investment Counsel Inc. Has $8.02 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Dixon Mitchell Investment Counsel Inc. lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 56.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 48,718 shares of the construction company’s stock after selling 62,612 shares during the period. Dixon Mitchell Investment Counsel Inc.’s holdings in D.R. Horton were worth $8,017,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Claro Advisors LLC increased its holdings in D.R. Horton by 25.8% in the first quarter. Claro Advisors LLC now owns 2,873 shares of the construction company’s stock valued at $473,000 after purchasing an additional 589 shares during the last quarter. Miracle Mile Advisors LLC grew its position in shares of D.R. Horton by 7.4% during the 1st quarter. Miracle Mile Advisors LLC now owns 7,122 shares of the construction company’s stock worth $1,172,000 after buying an additional 489 shares during the period. Diversified Trust Co increased its stake in shares of D.R. Horton by 19.9% in the 1st quarter. Diversified Trust Co now owns 8,823 shares of the construction company’s stock valued at $1,452,000 after acquiring an additional 1,467 shares during the last quarter. Chapin Davis Inc. acquired a new stake in shares of D.R. Horton in the 1st quarter valued at approximately $438,000. Finally, Guidance Capital Inc. boosted its stake in D.R. Horton by 158.4% during the 1st quarter. Guidance Capital Inc. now owns 9,676 shares of the construction company’s stock worth $1,592,000 after acquiring an additional 5,931 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Insider Transactions 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 value of $53,890.98. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $838,799. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the sale, the director now owns 1,703 shares in the company, valued at $256,642.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $838,799. The disclosure for this sale can be found here. Company insiders own 1.74% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on DHI. Citigroup downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and lowered their target price for the company from $181.00 to $156.00 in a research note on Tuesday. Barclays dropped their price objective on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. BTIG Research reduced their target price on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. UBS Group increased their price target on D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Finally, Bank of America cut their price objective on D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $156.75.

D.R. Horton Stock Down 1.3 %

Shares of DHI stock traded down $1.83 during trading on Tuesday, reaching $135.19. The company’s stock had a trading volume of 3,630,509 shares, compared to its average volume of 2,471,551. The company has a market cap of $44.52 billion, a price-to-earnings ratio of 9.20, a price-to-earnings-growth ratio of 0.70 and a beta of 1.71. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $165.75. The business has a fifty day moving average price of $144.98 and a 200-day moving average price of $148.51. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.08 by $0.44. The firm 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 for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.73 EPS. Analysts anticipate that D.R. Horton, Inc. will post 14.26 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

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.