D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,743 shares of the construction company’s stock after purchasing an additional 271 shares during the quarter. Harbor Investment Advisory LLC’s holdings in D.R. Horton were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. TCI Wealth Advisors Inc. boosted its position in D.R. Horton by 4.1% during the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after purchasing an additional 58 shares during the last quarter. Covestor Ltd raised its stake in shares of D.R. Horton by 6.6% during the 3rd quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after purchasing an additional 66 shares in the last quarter. Insigneo Advisory Services LLC lifted its holdings in shares of D.R. Horton by 1.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after buying an additional 67 shares during the last quarter. Azzad Asset Management Inc. ADV grew its stake in shares of D.R. Horton by 0.8% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company’s stock valued at $1,649,000 after buying an additional 72 shares in the last quarter. Finally, Demars Financial Group LLC increased its holdings in D.R. Horton by 3.5% in the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock worth $419,000 after buying an additional 74 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

NYSE DHI opened at $143.61 on Wednesday. The company’s fifty day moving average is $151.46 and its two-hundred day moving average is $169.11. D.R. Horton, Inc. has a 52-week low of $133.02 and a 52-week high of $199.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The firm has a market capitalization of $46.08 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The business had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7,120,170 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the business earned $2.82 earnings per share. Equities research analysts forecast that D.R. Horton, Inc. will post 14.03 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.11%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is currently 11.14%.

Wall Street Analyst Weigh In

Several research firms have commented on DHI. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Wells Fargo & Company lowered their target price on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. UBS Group lowered their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, BTIG Research reduced their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $176.20.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.54% of the company’s stock.

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.