Baxter Bros Inc. Sells 257 Shares of D.R. Horton, Inc. (NYSE:DHI)

Baxter Bros Inc. lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,650 shares of the construction company’s stock after selling 257 shares during the period. Baxter Bros Inc.’s holdings in D.R. Horton were worth $2,075,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were 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 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 accessible through the SEC website. In related news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $120,862,005.93. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Barbara K. Allen sold 363 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the sale, 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 sold 25,812 shares of company stock worth $4,029,217 in the last three months. 1.74% of the stock is owned by insiders.

D.R. Horton Stock Up 2.1 %

D.R. Horton stock traded up $3.02 during midday trading on Friday, hitting $148.48. 3,134,157 shares of the company’s stock were exchanged, compared to its average volume of 2,607,539. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The company has a market cap of $48.90 billion, a PE ratio of 10.11, a P/E/G ratio of 0.73 and a beta of 1.66. The firm has a 50-day moving average of $152.09 and a two-hundred day moving average of $141.48. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $165.75.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data 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. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the firm earned $2.73 earnings per share. As a group, analysts expect that D.R. Horton, Inc. will post 14.31 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s payout ratio is 8.17%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DHI. Seaport Res Ptn lowered D.R. Horton from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Wedbush restated an “underperform” rating and set a $130.00 price target on shares of D.R. Horton in a report on Thursday, April 18th. Royal Bank of Canada dropped their price objective on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research note on Friday, April 19th. UBS Group increased their target price on shares of D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Finally, Raymond James upped their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, D.R. Horton has a consensus rating of “Moderate Buy” and an average target price of $158.06.

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.