D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. reduced its holdings in D.R. Horton, Inc. (NYSE:DHI) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,878 shares of the construction company’s stock after selling 79 shares during the quarter. Legacy Capital Group California Inc.’s holdings in D.R. Horton were worth $638,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Voss Capital LLC acquired a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $7,599,000. Handelsbanken Fonder AB raised its holdings in D.R. Horton by 20.5% during the fourth quarter. Handelsbanken Fonder AB now owns 97,275 shares of the construction company’s stock worth $14,784,000 after purchasing an additional 16,573 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in D.R. Horton by 12.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,241 shares of the construction company’s stock worth $10,371,000 after purchasing an additional 7,600 shares during the last quarter. Vinva Investment Management Ltd raised its holdings in D.R. Horton by 59.3% during the fourth quarter. Vinva Investment Management Ltd now owns 81,125 shares of the construction company’s stock worth $12,537,000 after purchasing an additional 30,186 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its holdings in D.R. Horton by 85.9% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 35,167 shares of the construction company’s stock worth $5,787,000 after purchasing an additional 16,252 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Trading Up 5.6 %

DHI stock traded up $8.48 during trading on Tuesday, reaching $160.64. 1,796,949 shares of the stock traded hands, compared to its average volume of 2,474,308. The business’s 50 day moving average price is $143.99 and its 200-day moving average price is $147.85. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $165.75. 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 market capitalization of $52.90 billion, a PE ratio of 10.96, a P/E/G ratio of 0.76 and a beta of 1.71.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $8.15 billion. During the same quarter in the previous year, the business earned $2.73 earnings per share. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 14.29 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, May 2nd were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DHI shares. UBS Group lifted their price objective on D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Wedbush reissued an “underperform” rating and set a $130.00 price target on shares of D.R. Horton in a research report on Thursday, April 18th. Evercore ISI raised their price target on D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday. Bank of America dropped their price target on D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Finally, Royal Bank of Canada dropped their price target on 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 analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and a consensus price target of $159.12.

Insider Buying and Selling

In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $150.70, for a total transaction of $301,400.00. Following the transaction, the director now owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Barbara K. Allen sold 363 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was 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. Also, Director Michael R. Buchanan sold 2,000 shares of the 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 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.