Breed s Hill Capital LLC Invests $227,000 in D.R. Horton, Inc. (NYSE:DHI)

Breed s Hill Capital LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,492 shares of the construction company’s stock, valued at approximately $227,000.

Other institutional investors have also recently made changes to their positions in the company. BluePath Capital Management LLC acquired a new stake in D.R. Horton in the 3rd quarter worth approximately $33,000. Oakworth Capital Inc. acquired a new stake in D.R. Horton during the 4th quarter worth about $38,000. Silver Oak Securities Incorporated acquired a new position in shares of D.R. Horton in the third quarter valued at about $43,000. JFS Wealth Advisors LLC raised its stake in shares of D.R. Horton by 85.8% in the third quarter. JFS Wealth Advisors LLC now owns 420 shares of the construction company’s stock worth $45,000 after purchasing an additional 194 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in D.R. Horton in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Up 1.2 %

Shares of NYSE:DHI traded up $1.76 during midday trading on Thursday, reaching $149.50. 4,040,180 shares of the company’s stock were exchanged, compared to its average volume of 2,559,367. The stock has a market cap of $49.23 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 0.73 and a beta of 1.66. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $165.75. The firm’s 50 day simple moving average is $152.36 and its two-hundred day simple moving average is $142.80. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38.

D.R. Horton (NYSE:DHI) last released its quarterly 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. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. During the same period in the previous year, the firm earned $2.73 EPS. The business’s revenue was up 14.2% on a year-over-year basis. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 14.31 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s payout ratio is 8.17%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction that occurred 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 approximately $120,862,005.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The sale was disclosed in a document filed 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 on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of 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. Insiders sold a total of 27,812 shares of company stock valued at $4,330,617 in the last three months. 1.74% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. BTIG Research lowered 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. Royal Bank of Canada cut 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 report on Friday, April 19th. Seaport Res Ptn cut D.R. Horton from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Citigroup upped their price target on D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Keefe, Bruyette & Woods boosted their price objective on D.R. Horton from $172.00 to $178.00 and gave the company an “outperform” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.41.

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.