Integrated Advisors Network LLC Takes $265,000 Position in D.R. Horton, Inc. (NYSE:DHI)

Integrated Advisors Network LLC acquired a new position in D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,746 shares of the construction company’s stock, valued at approximately $265,000.

Other large investors have also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC raised its holdings in shares of D.R. Horton by 53.7% in the third quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock worth $1,074,000 after acquiring an additional 3,489 shares during the last quarter. Voss Capital LLC purchased a new stake in D.R. Horton during the 4th quarter worth about $7,599,000. Handelsbanken Fonder AB raised its stake in D.R. Horton by 20.5% in the 4th quarter. Handelsbanken Fonder AB now owns 97,275 shares of the construction company’s stock valued at $14,784,000 after purchasing an additional 16,573 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in D.R. Horton by 12.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,241 shares of the construction company’s stock valued at $10,371,000 after purchasing an additional 7,600 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of D.R. Horton by 43.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,731 shares of the construction company’s stock worth $2,228,000 after purchasing an additional 6,272 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the business’s 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 owns 1,703 shares in the company, valued at approximately $256,642.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Michael R. Buchanan sold 2,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the completion of the sale, the director now 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 through the SEC website. Also, Director Barbara K. Allen sold 363 shares of the stock in a transaction dated 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 directly owns 5,650 shares in the company, valued at approximately $838,799. The disclosure for this sale can be found here. Company insiders own 1.74% of the company’s stock.

Analysts Set New Price Targets

DHI has been the subject of a number of analyst reports. StockNews.com lowered shares of D.R. Horton from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Jefferies Financial Group increased their price target on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Wedbush reaffirmed an “underperform” rating and issued a $130.00 price objective on shares of D.R. Horton in a research report on Thursday, April 18th. BTIG Research reduced their target price on 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. Finally, Bank of America lowered their price target on D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a report on Friday, April 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.31.

D.R. Horton Stock Down 2.7 %

Shares of D.R. Horton stock opened at $139.40 on Thursday. The company has a fifty day moving average price of $145.92 and a 200 day moving average price of $148.29. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $165.75. The stock has a market cap of $45.91 billion, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of 0.71 and a beta of 1.68.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.73 earnings per share. Equities research analysts forecast that D.R. Horton, Inc. will post 14.26 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.86%. 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.