WBI Investments LLC Invests $1.09 Million in D.R. Horton, Inc. $DHI

WBI Investments LLC bought a new position in D.R. Horton, Inc. (NYSE:DHI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,412 shares of the construction company’s stock, valued at approximately $1,087,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Winnow Wealth LLC purchased a new position in D.R. Horton during the 3rd quarter valued at about $960,000. Berkshire Hathaway Inc purchased a new stake in D.R. Horton in the 2nd quarter worth approximately $191,491,000. Mediolanum International Funds Ltd grew its position in shares of D.R. Horton by 96.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock worth $25,670,000 after buying an additional 74,266 shares during the last quarter. Arete Wealth Advisors LLC bought a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $946,000. Finally, Trinity Street Asset Management LLP purchased a new position in shares of D.R. Horton during the third quarter valued at approximately $25,140,000. 90.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the transaction, the senior vice president owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.66% of the company’s stock.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $142.22 on Wednesday. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54. The firm has a market capitalization of $41.20 billion, a P/E ratio of 12.92, a P/E/G ratio of 2.20 and a beta of 1.43. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $154.78 and a two-hundred day simple moving average of $156.00.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. The firm had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.61 EPS. On average, equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, February 5th. D.R. Horton’s dividend payout ratio is 16.35%.

Analyst Ratings Changes

A number of analysts recently commented on DHI shares. Argus raised their price target on D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Barclays reduced their price objective on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 21st. UBS Group reaffirmed a “buy” rating on shares of D.R. Horton in a research report on Thursday, March 12th. Bank of America set a $158.00 target price on shares of D.R. Horton in a research note on Wednesday, January 21st. Finally, Evercore boosted their price target on shares of D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $159.93.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.