Kapstone Financial Advisors LLC Invests $466,000 in D.R. Horton, Inc. (NYSE:DHI)

Kapstone Financial Advisors LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,295 shares of the construction company’s stock, valued at approximately $466,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Greenhaven Associates Inc. raised its position in shares of D.R. Horton by 1.0% during the fourth quarter. Greenhaven Associates Inc. now owns 3,547,948 shares of the construction company’s stock worth $539,217,000 after acquiring an additional 34,366 shares during the last quarter. Northern Trust Corp raised its position in shares of D.R. Horton by 3.2% during the third quarter. Northern Trust Corp now owns 3,389,414 shares of the construction company’s stock worth $364,260,000 after acquiring an additional 104,453 shares during the last quarter. Morgan Stanley raised its position in shares of D.R. Horton by 3.4% during the third quarter. Morgan Stanley now owns 3,254,275 shares of the construction company’s stock worth $349,737,000 after acquiring an additional 106,074 shares during the last quarter. Pacer Advisors Inc. increased its holdings in D.R. Horton by 21.7% in the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock valued at $412,503,000 after purchasing an additional 484,058 shares during the last quarter. Finally, Earnest Partners LLC increased its holdings in D.R. Horton by 1.1% in the third quarter. Earnest Partners LLC now owns 1,723,819 shares of the construction company’s stock valued at $185,259,000 after purchasing an additional 19,396 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 1,748 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $809,419. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $838,799. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Barbara K. Allen sold 1,748 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $809,419. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,560 shares of company stock valued at $4,279,636. Insiders own 1.74% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on DHI. UBS Group upped their price objective on D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 19th. Royal Bank of Canada dropped their price objective 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. BTIG Research dropped their price objective on D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Citigroup upped their price objective on D.R. Horton from $166.00 to $191.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Seaport Res Ptn downgraded D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.06.

D.R. Horton Stock Up 0.8 %

Shares of DHI stock traded up $1.13 on Friday, hitting $145.33. 2,057,426 shares of the stock were exchanged, compared to its average volume of 2,504,805. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $47.86 billion, a P/E ratio of 9.89, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64. The business has a 50-day moving average of $151.99 and a 200 day moving average of $140.33. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $165.75.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.44. The company 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%. D.R. Horton’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.73 earnings per share. Equities analysts anticipate that D.R. Horton, Inc. will post 14.31 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 annualized dividend and a yield of 0.83%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

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.