D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 72.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,832 shares of the construction company’s stock after selling 7,473 shares during the quarter. Lake Street Advisors Group LLC’s holdings in D.R. Horton were worth $430,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Oakworth Capital Inc. acquired a new stake in shares of D.R. Horton during the fourth quarter worth $38,000. Private Wealth Management Group LLC acquired a new stake in shares of D.R. Horton during the fourth quarter worth $42,000. Silver Oak Securities Incorporated acquired a new stake in shares of D.R. Horton during the third quarter worth $43,000. Friedenthal Financial acquired a new stake in D.R. Horton in the fourth quarter valued at $47,000. Finally, AdvisorNet Financial Inc lifted its holdings in D.R. Horton by 81.8% in the fourth quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock valued at $55,000 after acquiring an additional 162 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Price Performance

D.R. Horton stock traded up $0.99 during midday trading on Wednesday, reaching $144.86. 701,583 shares of the company were exchanged, compared to its average volume of 2,489,226. The company has a market capitalization of $47.70 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 0.73 and a beta of 1.68. The firm’s 50-day simple moving average is $149.53 and its 200-day simple moving average is $147.30. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year 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.

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

D.R. Horton Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Wednesday, May 1st. D.R. Horton’s dividend payout ratio is currently 8.17%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wedbush reissued an “underperform” rating and issued a $130.00 target price on shares of D.R. Horton in a report on Thursday, April 18th. Keefe, Bruyette & Woods raised 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. StockNews.com downgraded D.R. Horton from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. UBS Group raised their target price on D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, Royal Bank of Canada reduced their target price on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a report on Friday, April 19th. 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $158.31.

Insider Activity

In related news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the transaction, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction dated 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 directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Barbara K. Allen sold 363 shares of D.R. Horton 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 sale, the director now directly owns 5,650 shares in the company, valued at $838,799. The disclosure for this sale can be found here. Insiders have sold 27,812 shares of company stock valued at $4,330,617 in the last three months. Corporate insiders own 1.74% of the company’s stock.

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.