Sawgrass Asset Management LLC Invests $740,000 in D.R. Horton, Inc. (NYSE:DHI)

Sawgrass Asset Management LLC bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 4,867 shares of the construction company’s stock, valued at approximately $740,000.

Several other large investors have also recently bought and sold shares of the stock. Commonwealth Equity Services LLC raised its position in shares of D.R. Horton by 13.3% during the third quarter. Commonwealth Equity Services LLC now owns 32,550 shares of the construction company’s stock valued at $3,498,000 after buying an additional 3,811 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of D.R. Horton by 15.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 43,583 shares of the construction company’s stock worth $4,684,000 after acquiring an additional 5,851 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of D.R. Horton by 29.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 125,450 shares of the construction company’s stock worth $13,482,000 after purchasing an additional 28,526 shares in the last quarter. Independent Advisor Alliance acquired a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $211,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in D.R. Horton by 2.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,119 shares of the construction company’s stock worth $6,354,000 after purchasing an additional 1,673 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DHI. UBS Group boosted their price target on shares of D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 19th. Seaport Res Ptn cut shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Barclays lowered their target price on shares of D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a report on Friday, April 19th. BTIG Research cut their price target on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. Finally, JMP Securities upped their price objective on D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $158.41.

D.R. Horton Stock Up 0.1 %

NYSE DHI traded up $0.16 on Tuesday, reaching $151.42. The company had a trading volume of 2,544,959 shares, compared to its average volume of 2,539,081. The company’s fifty day moving average is $152.32 and its 200-day moving average is $142.72. The firm has a market capitalization of $49.86 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 0.73 and a beta of 1.66. 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, Inc. has a 1-year low of $100.08 and a 1-year 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. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company 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 firm earned $2.73 earnings per share. D.R. Horton’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, research analysts forecast that D.R. Horton, Inc. will post 14.31 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm 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. This represents a $1.20 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s dividend payout ratio is 8.17%.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the transaction, the director now owns 5,650 shares in the company, valued at approximately $838,799. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at $844,053.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara K. Allen sold 363 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the transaction, the director now owns 5,650 shares of the company’s stock, valued at $838,799. The disclosure for this sale can be found here. Insiders sold 27,812 shares of company stock worth $4,330,617 in the last quarter. 1.74% of the stock is currently owned by corporate insiders.

D.R. Horton Company 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.