D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 8.8% in the first quarter, HoldingsChannel reports. The firm owned 30,534 shares of the construction company’s stock after buying an additional 2,477 shares during the period. Dynamic Advisor Solutions LLC’s holdings in D.R. Horton were worth $5,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. Greenhaven Associates Inc. raised its position in shares of D.R. Horton by 1.0% in the fourth quarter. Greenhaven Associates Inc. now owns 3,547,948 shares of the construction company’s stock worth $539,217,000 after acquiring an additional 34,366 shares during the period. Norges Bank acquired a new position in shares of D.R. Horton during the 4th quarter worth about $516,530,000. Morgan Stanley raised its position in shares of D.R. Horton by 3.4% during the 3rd 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. raised its position in shares of D.R. Horton by 21.7% during the 4th quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after purchasing an additional 484,058 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of D.R. Horton by 12.5% during the 4th quarter. Franklin Resources Inc. now owns 2,345,398 shares of the construction company’s stock worth $356,454,000 after purchasing an additional 260,864 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Activity

In other news, 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 value of $53,890.98. Following the sale, the director now directly owns 5,650 shares in the company, valued at approximately $838,799. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Michael R. Buchanan sold 2,000 shares of the 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 transaction, the director now directly 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 Securities & Exchange Commission, which is available at this link. Also, Director Barbara K. Allen sold 363 shares of the 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. Company insiders own 1.74% of the company’s stock.

D.R. Horton Price Performance

D.R. Horton stock opened at $140.43 on Wednesday. The firm has a market cap of $46.25 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 0.72 and a beta of 1.68. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $165.75. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $145.33 and its two-hundred day moving average is $148.62.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.73 EPS. On average, research analysts expect that D.R. Horton, Inc. will post 14.26 EPS for the current fiscal 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 $0.30 dividend. The ex-dividend date was Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.85%. D.R. Horton’s payout ratio is 8.17%.

Analyst Ratings Changes

Several research analysts recently weighed in on DHI shares. Keefe, Bruyette & Woods upped their price target on shares of D.R. Horton from $172.00 to $178.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Bank of America dropped their price objective on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Citigroup dropped their price objective on shares of 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. BTIG Research dropped their price objective on shares of 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, UBS Group increased their price target 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, D.R. Horton currently has an average rating of “Moderate Buy” and an average target price of $158.31.

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.