Wedmont Private Capital Acquires 180 Shares of D.R. Horton, Inc. (NYSE:DHI)

Wedmont Private Capital raised its holdings in D.R. Horton, Inc. (NYSE:DHI) by 2.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,557 shares of the construction company’s stock after purchasing an additional 180 shares during the period. Wedmont Private Capital’s holdings in D.R. Horton were worth $1,197,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DHI. Rise Advisors LLC bought a new stake in shares of D.R. Horton during the 1st quarter valued at $27,000. Oakworth Capital Inc. bought a new stake in shares of D.R. Horton during the 4th quarter valued at approximately $38,000. Private Wealth Management Group LLC acquired a new position in D.R. Horton during the 4th quarter worth approximately $42,000. Friedenthal Financial bought a new position in D.R. Horton in the 4th quarter valued at approximately $47,000. Finally, AdvisorNet Financial Inc boosted its position in D.R. Horton by 81.8% in the fourth quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock valued at $55,000 after buying an additional 162 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

DHI has been the subject of several research analyst reports. Royal Bank of Canada lowered their price target on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a report on Friday, April 19th. Wedbush reiterated an “underperform” rating and issued a $130.00 target price on shares of D.R. Horton in a research report on Thursday, April 18th. Bank of America cut their price target on D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. BTIG Research lowered their price objective on D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Finally, StockNews.com downgraded shares of D.R. Horton from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, D.R. Horton has a consensus rating of “Moderate Buy” and an average target price of $158.31.

D.R. Horton Price Performance

Shares of DHI opened at $142.39 on Friday. The business’s 50 day moving average price is $145.54 and its two-hundred day moving average price is $148.33. The firm has a market cap of $46.89 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 0.70 and a beta of 1.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $165.75.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the company posted $2.73 earnings per share. On average, equities analysts anticipate that D.R. Horton, Inc. will post 14.26 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.84%. D.R. Horton’s dividend payout ratio is 8.17%.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 363 shares of D.R. Horton stock in a transaction 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 completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at approximately $838,799. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other 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 transaction of $53,890.98. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $838,799. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the sale, the director now owns 1,703 shares in the company, valued at approximately $256,642.10. The disclosure for this sale can be found here. 1.74% of the stock is owned by insiders.

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.