D.R. Horton, Inc. (NYSE:DHI) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,934 shares of the construction company’s stock after selling 120 shares during the quarter. EP Wealth Advisors LLC’s holdings in D.R. Horton were worth $1,054,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Oakworth Capital Inc. acquired a new position in shares of D.R. Horton in the 4th quarter valued at $38,000. Private Wealth Management Group LLC purchased a new stake in D.R. Horton during the fourth quarter valued at about $42,000. Friedenthal Financial acquired a new position in shares of D.R. Horton in the fourth quarter worth about $47,000. AdvisorNet Financial Inc increased its position in shares of D.R. Horton by 81.8% in the fourth quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock worth $55,000 after acquiring an additional 162 shares in the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $55,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at D.R. Horton

In other news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the sale, the insider now owns 773,121 shares in the company, valued at $120,862,005.93. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $150.70, for a total transaction of $301,400.00. Following the sale, the director now owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The disclosure for this sale can be found here. Insiders sold a total of 27,363 shares of company stock worth $4,263,541 over the last three months. 1.74% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DHI. Royal Bank of Canada decreased their price objective on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research note on Friday, April 19th. Barclays decreased their target price on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. StockNews.com lowered D.R. Horton from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. UBS Group raised their price objective on D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a research report 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 analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $158.31.

D.R. Horton Trading Up 0.3 %

NYSE:DHI opened at $143.26 on Tuesday. The company’s 50 day moving average is $146.47 and its 200-day moving average is $148.30. 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, Inc. has a 12 month low of $100.08 and a 12 month high of $165.75. The firm has a market cap of $47.18 billion, a price-to-earnings ratio of 9.75, a P/E/G ratio of 0.71 and a beta of 1.68.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.08 by $0.44. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $2.73 EPS. Equities analysts anticipate 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. Shareholders of record on Thursday, May 2nd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is currently 8.17%.

D.R. Horton 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.