Pacific Wealth Strategies Group Inc. Decreases Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Pacific Wealth Strategies Group Inc. reduced its stake in D.R. Horton, Inc. (NYSE:DHI) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,558 shares of the construction company’s stock after selling 139 shares during the period. Pacific Wealth Strategies Group Inc.’s holdings in D.R. Horton were worth $693,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Greenhaven Associates Inc. grew its holdings in D.R. Horton by 1.0% during the 4th quarter. Greenhaven Associates Inc. now owns 3,547,948 shares of the construction company’s stock valued at $539,217,000 after buying an additional 34,366 shares in the last quarter. Northern Trust Corp lifted its holdings in D.R. Horton by 3.2% during the third quarter. Northern Trust Corp now owns 3,389,414 shares of the construction company’s stock worth $364,260,000 after buying an additional 104,453 shares during the period. Morgan Stanley grew its holdings in D.R. Horton by 3.4% in the third quarter. Morgan Stanley now owns 3,254,275 shares of the construction company’s stock worth $349,737,000 after purchasing an additional 106,074 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of D.R. Horton by 21.7% during the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock valued at $412,503,000 after acquiring an additional 484,058 shares in the last quarter. Finally, Earnest Partners LLC boosted its holdings in D.R. Horton by 1.1% in the third quarter. Earnest Partners LLC now owns 1,723,819 shares of the construction company’s stock valued at $185,259,000 after purchasing an additional 19,396 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on DHI. BTIG Research cut their target price on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. Wedbush restated an “underperform” rating and issued a $130.00 target price on shares of D.R. Horton in a research note on Thursday, April 18th. Keefe, Bruyette & Woods reduced their target price on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. Seaport Res Ptn cut D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Finally, JMP Securities upped their price objective on shares of D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $158.06.

Insider Buying and Selling

In other news, Director Barbara K. Allen sold 363 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was 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 owns 5,650 shares in the company, valued at $838,799. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the transaction, the director now owns 5,650 shares in the company, valued at approximately $844,053.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara K. Allen sold 363 shares of D.R. Horton 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 transaction, the director now owns 5,650 shares of the company’s stock, valued at $838,799. The disclosure for this sale can be found here. Insiders have sold 27,560 shares of company stock valued at $4,279,636 over the last ninety days. 1.74% of the stock is owned by insiders.

D.R. Horton Price Performance

DHI traded down $1.90 during trading on Wednesday, hitting $146.13. 446,888 shares of the stock traded hands, compared to its average volume of 2,557,344. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month 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 business has a 50 day moving average price of $151.92 and a 200 day moving average price of $139.75. The company has a market cap of $48.49 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 0.71 and a beta of 1.64.

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, topping the consensus estimate of $3.08 by $0.44. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.73 earnings per share. Equities research analysts forecast that D.R. Horton, Inc. will post 14.27 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is presently 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.