Blume Capital Management Inc. Has $775,000 Holdings in D.R. Horton, Inc. (NYSE:DHI)

Blume Capital Management Inc. decreased its stake in D.R. Horton, Inc. (NYSE:DHI) by 33.7% during the 4th quarter, HoldingsChannel reports. The fund owned 5,100 shares of the construction company’s stock after selling 2,595 shares during the period. Blume Capital Management Inc.’s holdings in D.R. Horton were worth $775,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC lifted its stake in shares of D.R. Horton by 13.3% in the third quarter. Commonwealth Equity Services LLC now owns 32,550 shares of the construction company’s stock valued at $3,498,000 after buying an additional 3,811 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of D.R. Horton by 15.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 43,583 shares of the construction company’s stock worth $4,684,000 after purchasing an additional 5,851 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of D.R. Horton by 29.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 125,450 shares of the construction company’s stock valued at $13,482,000 after purchasing an additional 28,526 shares during the period. Independent Advisor Alliance acquired a new position in shares of D.R. Horton in the third quarter valued at $211,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in D.R. Horton by 2.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,119 shares of the construction company’s stock worth $6,354,000 after purchasing an additional 1,673 shares during the period. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Up 1.1 %

DHI stock traded up $1.59 during midday trading on Thursday, reaching $149.33. The company’s stock had a trading volume of 510,461 shares, compared to its average volume of 2,519,259. The business’s 50-day simple moving average is $152.32 and its 200-day simple moving average is $142.72. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $165.75. The stock has a market cap of $49.18 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 0.73 and a beta of 1.66.

D.R. Horton (NYSE:DHI) last posted 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 firm’s revenue was up 14.2% on a year-over-year basis. During the same period last year, the company earned $2.73 EPS. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 14.31 EPS for the current year.

D.R. Horton Announces Dividend

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 paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.80%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Insider Activity at D.R. Horton

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 value of $67,076.11. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at $844,053.50. The sale was disclosed in a legal filing 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 stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at $844,053.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. Insiders have sold 27,812 shares of company stock worth $4,330,617 in the last ninety days. Company insiders own 1.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DHI. 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. Seaport Res Ptn cut shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. UBS Group upped their price objective on D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Keefe, Bruyette & Woods raised their target price on D.R. Horton from $172.00 to $178.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Jefferies Financial Group upped their price target on D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.41.

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.