HighPoint Advisor Group LLC Invests $700,000 in D.R. Horton, Inc. (NYSE:DHI)

HighPoint Advisor Group LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,379 shares of the construction company’s stock, valued at approximately $700,000.

Several other hedge funds have also modified their holdings of the stock. Kestra Advisory Services LLC lifted its position in shares of D.R. Horton by 3.1% during the third quarter. Kestra Advisory Services LLC now owns 29,565 shares of the construction company’s stock worth $3,177,000 after purchasing an additional 881 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in D.R. Horton in the 3rd quarter worth $2,608,000. Aigen Investment Management LP acquired a new position in D.R. Horton in the 3rd quarter worth $472,000. CI Investments Inc. boosted its position in D.R. Horton by 1.3% in the 3rd quarter. CI Investments Inc. now owns 9,785 shares of the construction company’s stock valued at $1,052,000 after buying an additional 121 shares during the last quarter. Finally, CenterBook Partners LP acquired a new stake in shares of D.R. Horton during the third quarter valued at about $367,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 2.7 %

Shares of NYSE:DHI opened at $139.41 on Wednesday. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $165.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The company has a market cap of $45.91 billion, a PE ratio of 9.49, a price-to-earnings-growth ratio of 0.71 and a beta of 1.68. The firm has a 50 day simple moving average of $146.10 and a 200 day simple moving average of $148.36.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share 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 firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. During the same period in the previous year, the firm earned $2.73 earnings per share. D.R. Horton’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, research analysts expect that D.R. Horton, Inc. will post 14.26 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value 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 Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Michael R. Buchanan sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the transaction, the director now owns 1,703 shares of the company’s stock, valued at $256,642.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Barbara K. Allen sold 363 shares of the business’s 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 completion of the sale, 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. 1.74% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. StockNews.com cut D.R. Horton from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. UBS Group increased their target price on D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Bank of America decreased their price target on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a research report on Friday, April 19th. BTIG Research cut their price target on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Finally, Citigroup reduced their price target on shares of D.R. Horton from $191.00 to $181.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, D.R. Horton has a consensus rating of “Moderate Buy” and a consensus price target of $158.31.

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.