Beverly Hills Private Wealth LLC Sells 412 Shares of D.R. Horton, Inc. (NYSE:DHI)

Beverly Hills Private Wealth LLC trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 8.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,228 shares of the construction company’s stock after selling 412 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in D.R. Horton were worth $643,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Legal Advantage Investments Inc. increased its position in D.R. Horton by 2.5% in the 4th quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock valued at $467,000 after acquiring an additional 75 shares during the period. Wealthsource Partners LLC raised its position in D.R. Horton by 2.7% during the 4th quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock worth $445,000 after purchasing an additional 78 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in D.R. Horton by 2.2% during the 3rd quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock worth $391,000 after buying an additional 79 shares during the period. FineMark National Bank & Trust increased its stake in shares of D.R. Horton by 2.0% in the third quarter. FineMark National Bank & Trust now owns 4,035 shares of the construction company’s stock valued at $434,000 after buying an additional 80 shares during the period. Finally, Tiemann Investment Advisors LLC lifted its stake in shares of D.R. Horton by 1.6% in the third quarter. Tiemann Investment Advisors LLC now owns 5,447 shares of the construction company’s stock worth $585,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DHI. Barclays boosted their price target on shares of D.R. Horton from $166.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. UBS Group upped their target price on D.R. Horton from $155.00 to $192.00 in a research report on Monday, January 22nd. Raymond James boosted their price target on D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. The Goldman Sachs Group raised their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Royal Bank of Canada lifted their price objective on shares of D.R. Horton from $116.00 to $142.00 and gave the company an “underperform” rating in a research note on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $153.71.

D.R. Horton Stock Up 0.5 %

DHI stock opened at $152.48 on Monday. D.R. Horton, Inc. has a twelve month low of $97.92 and a twelve month high of $165.75. The firm has a market capitalization of $50.60 billion, a PE ratio of 10.91, a PEG ratio of 0.75 and a beta of 1.64. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22. The stock has a 50-day simple moving average of $151.78 and a two-hundred day simple moving average of $137.76.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 23rd. The construction company reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.88 by ($0.06). The firm had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.76 earnings per share. On average, equities analysts predict that D.R. Horton, Inc. will post 14.24 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.20 annualized dividend and a yield of 0.79%. D.R. Horton’s payout ratio is presently 8.63%.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 1,748 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at $809,419. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the transaction, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Barbara K. Allen sold 1,748 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $809,419. The disclosure for this sale can be found here. Insiders have sold 27,197 shares of company stock valued at $4,225,745 in the last quarter. Insiders own 1.74% of the company’s stock.

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.