Meeder Advisory Services Inc. Buys 201 Shares of D.R. Horton, Inc. (NYSE:DHI)

Meeder Advisory Services Inc. lifted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.5% in the first quarter, Holdings Channel.com reports. The fund owned 5,954 shares of the construction company’s stock after purchasing an additional 201 shares during the quarter. Meeder Advisory Services Inc.’s holdings in D.R. Horton were worth $980,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in shares of D.R. Horton during the 1st quarter worth approximately $27,000. RiverPark Advisors LLC purchased a new stake in D.R. Horton in the first quarter worth approximately $29,000. Riverview Trust Co purchased a new stake in shares of D.R. Horton during the first quarter valued at approximately $30,000. Oakworth Capital Inc. bought a new position in D.R. Horton in the fourth quarter worth $38,000. Finally, Private Wealth Management Group LLC bought a new position in shares of D.R. Horton during the fourth quarter valued at $42,000. 90.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 5,650 shares in the company, valued at $838,799. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other 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 transaction 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 approximately $838,799. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael R. Buchanan sold 2,000 shares of the business’s 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 directly owns 1,703 shares of the company’s stock, valued at $256,642.10. The disclosure for this sale can be found here. 1.74% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. 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 research report on Friday, April 19th. Keefe, Bruyette & Woods increased their price target on D.R. Horton from $172.00 to $178.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. StockNews.com downgraded D.R. Horton from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Bank of America lowered their price objective on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Finally, Citigroup lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their target price for the stock from $181.00 to $156.00 in a research report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $159.12.

D.R. Horton Price Performance

DHI traded up $6.99 on Tuesday, reaching $159.15. The company had a trading volume of 1,095,826 shares, compared to its average volume of 2,467,697. The company has a market capitalization of $52.41 billion, a P/E ratio of 10.96, a PEG ratio of 0.76 and a beta of 1.71. The company has a fifty day moving average of $143.99 and a 200-day moving average of $147.85. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $165.75.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The business’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.73 EPS. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Wednesday, May 1st. D.R. Horton’s payout ratio is 8.17%.

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.