Inspire Investing LLC Has $533,000 Position in D.R. Horton, Inc. (NYSE:DHI)

Inspire Investing LLC trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 62.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,240 shares of the construction company’s stock after selling 5,483 shares during the period. Inspire Investing LLC’s holdings in D.R. Horton were worth $533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in shares of D.R. Horton in the first quarter valued at about $27,000. RiverPark Advisors LLC bought a new position in shares of D.R. Horton during the first quarter worth approximately $29,000. Riverview Trust Co acquired a new stake in shares of D.R. Horton in the first quarter valued at approximately $30,000. Oakworth Capital Inc. bought a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $38,000. Finally, Private Wealth Management Group LLC bought a new position in D.R. Horton during the 4th quarter worth $42,000. Institutional investors own 90.63% of the company’s stock.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly 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 available through this hyperlink. In related news, 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 transaction, the director now owns 1,703 shares of the company’s stock, valued at $256,642.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Barbara K. Allen sold 363 shares of the business’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 completion of the transaction, the director now owns 5,650 shares in the company, valued at approximately $838,799. The disclosure for this sale can be found here. Company insiders own 1.74% of the company’s stock.

D.R. Horton Stock Performance

D.R. Horton stock opened at $160.00 on Wednesday. The business has a 50 day moving average of $144.20 and a 200-day moving average of $147.93. The company has a market capitalization of $52.69 billion, a P/E ratio of 11.05, a P/E/G ratio of 0.75 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 current ratio of 7.35 and a quick ratio of 1.38.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.44. The firm had revenue of $9.11 billion during 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% on a year-over-year basis. During the same period in the prior year, the company posted $2.73 EPS. On average, equities research analysts predict that D.R. Horton, Inc. will post 14.29 earnings per share for the current year.

D.R. Horton Dividend Announcement

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

Analyst Ratings Changes

DHI has been the topic of several analyst reports. Bank of America reduced their target price 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. Wedbush reissued an “underperform” rating and issued a $130.00 target price on shares of D.R. Horton in a report on Thursday, April 18th. Citigroup cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and dropped their target price for the company from $181.00 to $156.00 in a research report on Tuesday, July 2nd. Royal Bank of Canada reduced their price target on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a research report on Friday, April 19th. Finally, Jefferies Financial Group lifted their price objective on shares of D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Two research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $159.12.

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.