4,379 Shares in D.R. Horton, Inc. (NYSE:DHI) Acquired by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 4,379 shares of the construction company’s stock, valued at approximately $700,000.

A number of other institutional investors have also recently modified their holdings of the stock. Legal Advantage Investments Inc. raised its stake in D.R. Horton by 2.5% in the fourth quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock valued at $467,000 after purchasing an additional 75 shares in the last quarter. Wealthsource Partners LLC raised its position in shares of D.R. Horton by 2.7% in the 4th quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock valued at $445,000 after buying an additional 78 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in shares of 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 acquiring an additional 79 shares in the last quarter. FineMark National Bank & Trust boosted its position in shares of D.R. Horton by 2.0% during the 3rd quarter. FineMark National Bank & Trust now owns 4,035 shares of the construction company’s stock worth $434,000 after acquiring an additional 80 shares in the last quarter. Finally, Tiemann Investment Advisors LLC increased its stake in 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 valued at $585,000 after acquiring an additional 85 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DHI has been the topic of a number of research analyst reports. StockNews.com downgraded D.R. Horton from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. BTIG Research reduced their price objective on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. Citigroup lowered their target price on D.R. Horton from $191.00 to $181.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Bank of America dropped their target price on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a report on Friday, April 19th. Finally, Jefferies Financial Group lifted their price target on shares of D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, D.R. Horton currently has an average rating of “Moderate Buy” and a consensus target price of $158.31.

Insider Activity

In related news, Director Michael R. Buchanan sold 2,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the completion of the sale, the director now directly owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 value of $301,400.00. Following the completion of the sale, the director now owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 363 shares of the firm’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 directly owns 5,650 shares in the company, valued at $838,799. The disclosure for this sale can be found here. 1.74% of the stock is currently owned by company insiders.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $139.41 on Wednesday. The stock has a market cap of $45.91 billion, a price-to-earnings ratio of 9.49, a P/E/G ratio of 0.71 and a beta of 1.68. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $165.75. The company’s fifty day moving average is $146.10 and its 200 day moving average is $148.36. 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 (NYSE:DHI) last announced its earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. During the same period in the prior year, the business posted $2.73 earnings per share. The firm’s revenue was up 14.2% on a year-over-year basis. Sell-side analysts forecast that D.R. Horton, Inc. will post 14.26 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, May 2nd were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 1st. This represents a $1.20 annualized dividend and a yield of 0.86%. D.R. Horton’s dividend payout ratio is currently 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.