EdgeRock Capital LLC Purchases Shares of 375 D.R. Horton, Inc. (NYSE:DHI)

EdgeRock Capital LLC acquired a new position in D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 375 shares of the construction company’s stock, valued at approximately $55,000.

Other institutional investors also recently modified their holdings of the company. Oakworth Capital Inc. bought a new stake in D.R. Horton in the 4th quarter valued at $38,000. Friedenthal Financial bought a new position in D.R. Horton during the fourth quarter worth about $47,000. AdvisorNet Financial Inc raised its stake in D.R. Horton by 81.8% during the fourth quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock worth $55,000 after acquiring an additional 162 shares in the last quarter. ORG Partners LLC boosted its stake in shares of D.R. Horton by 37,500.0% in the 4th quarter. ORG Partners LLC now owns 376 shares of the construction company’s stock valued at $57,000 after purchasing an additional 375 shares in the last quarter. Finally, Silver Oak Securities Incorporated bought a new stake in shares of D.R. Horton in the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Down 2.4 %

DHI stock traded down $3.65 during midday trading on Wednesday, hitting $147.75. 2,849,962 shares of the company’s stock were exchanged, compared to its average volume of 2,541,169. D.R. Horton, Inc. has a one year low of $100.08 and a one 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. The company has a market cap of $48.66 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 0.73 and a beta of 1.66. The stock’s fifty day moving average price is $152.32 and its 200-day moving average price is $142.72.

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, topping analysts’ consensus estimates 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 business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same period in the prior year, the business earned $2.73 EPS. D.R. Horton’s revenue for the quarter was up 14.2% compared to the same quarter last year. Research analysts predict that D.R. Horton, Inc. will post 14.31 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be paid a $0.30 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 annualized dividend and a yield of 0.81%. D.R. Horton’s payout ratio is currently 8.17%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays reduced their price target on shares of D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Jefferies Financial Group boosted their price objective 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 reiterated an “underperform” rating and issued a $130.00 price objective on shares of D.R. Horton in a research report on Thursday, April 18th. Seaport Res Ptn lowered D.R. Horton from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. Finally, Raymond James lifted their price objective on D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $158.41.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at $844,053.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the transaction, the director now owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction, the director now owns 5,650 shares of the company’s stock, valued at approximately $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. 1.74% of the stock is currently owned by corporate insiders.

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.