D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV grew its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,563 shares of the construction company’s stock after purchasing an additional 166 shares during the period. Azzad Asset Management Inc. ADV’s holdings in D.R. Horton were worth $1,409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in DHI. Rise Advisors LLC bought a new position in shares of D.R. Horton in the first quarter valued at $27,000. Riverview Trust Co acquired a new stake in shares of D.R. Horton during the first quarter worth $30,000. Oakworth Capital Inc. purchased a new stake in shares of D.R. Horton during the fourth quarter valued at $38,000. Private Wealth Management Group LLC acquired a new position in shares of D.R. Horton in the 4th quarter valued at $42,000. Finally, Silver Oak Securities Incorporated purchased a new position in D.R. Horton in the 3rd quarter worth about $43,000. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on DHI shares. UBS Group raised their target price on shares of D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 19th. BTIG Research lowered their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. Jefferies Financial Group increased their target price on D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a report on Friday, April 19th. Barclays reduced their price objective on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Finally, Keefe, Bruyette & Woods upped their target price on D.R. Horton from $172.00 to $178.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $156.75.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the transaction, the director now owns 5,650 shares in the company, valued at $838,799. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Michael R. Buchanan sold 2,000 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 1,703 shares of the company’s stock, valued at $256,642.10. The sale was disclosed in a document filed with the SEC, which can be accessed 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 stock was 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 of the company’s stock, valued at $838,799. The disclosure for this sale can be found here. Corporate insiders own 1.74% of the company’s stock.

D.R. Horton Stock Up 0.7 %

NYSE:DHI traded up $0.95 during mid-day trading on Wednesday, reaching $136.16. The stock had a trading volume of 649,386 shares, compared to its average volume of 2,457,913. The business’s 50 day moving average is $144.72 and its 200 day moving average is $148.40. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $165.75. The stock has a market cap of $44.84 billion, a P/E ratio of 9.28, a PEG ratio of 0.70 and a beta of 1.71. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38.

D.R. Horton (NYSE:DHI) last announced its quarterly 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 company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. During the same quarter last year, the company posted $2.73 earnings per share. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 14.26 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Shareholders 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 yield of 0.88%. D.R. Horton’s dividend payout ratio (DPR) is presently 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.