TCG Advisory Services LLC Buys 6,919 Shares of D.R. Horton, Inc. (NYSE:DHI)

TCG Advisory Services LLC increased its position in D.R. Horton, Inc. (NYSE:DHI) by 16.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 49,700 shares of the construction company’s stock after purchasing an additional 6,919 shares during the period. TCG Advisory Services LLC’s holdings in D.R. Horton were worth $7,553,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DHI. BluePath Capital Management LLC bought a new stake in D.R. Horton during the third quarter worth approximately $33,000. Oakworth Capital Inc. bought a new stake in D.R. Horton in the fourth quarter worth $38,000. Silver Oak Securities Incorporated purchased a new position in D.R. Horton during the third quarter worth $43,000. JFS Wealth Advisors LLC increased its position in D.R. Horton by 85.8% during the third quarter. JFS Wealth Advisors LLC now owns 420 shares of the construction company’s stock valued at $45,000 after acquiring an additional 194 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in shares of D.R. Horton in the fourth quarter valued at $47,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at D.R. Horton

In other news, insider David V. Auld sold 25,000 shares of D.R. Horton 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 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 legal filing with the SEC, which can be accessed through this link. In other news, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction 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 $120,862,005.93. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the sale, the director now owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The disclosure for this sale can be found here. Insiders have sold 25,812 shares of company stock worth $4,029,217 over the last quarter. Insiders own 1.74% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wedbush reaffirmed an “underperform” rating and set a $130.00 price target on shares of D.R. Horton in a research note on Thursday, April 18th. JMP Securities boosted their target price on D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 24th. Keefe, Bruyette & Woods reduced their price target on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a report on Wednesday, January 24th. Barclays dropped their price objective on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Finally, Jefferies Financial Group increased their target price 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. 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $158.06.

D.R. Horton Stock Up 2.1 %

Shares of DHI traded up $3.02 during mid-day trading on Friday, hitting $148.48. The company’s stock had a trading volume of 3,134,157 shares, compared to its average volume of 2,607,539. 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 company’s 50-day moving average is $152.09 and its 200-day moving average is $141.48. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $165.75. The firm has a market capitalization of $48.90 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 0.73 and a beta of 1.66.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The company had revenue of $9.11 billion during the quarter, compared to analyst estimates 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 was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.73 earnings per share. On average, equities research analysts forecast that D.R. Horton, Inc. will post 14.31 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed 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 0.81%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s payout ratio is currently 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.