Colonial River Wealth Management LLC Makes New Investment in D.R. Horton, Inc. (NYSE:DHI)

Colonial River Wealth Management LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHIFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,560 shares of the construction company’s stock, valued at approximately $389,000.

Other large investors also recently bought and sold shares of the company. Clear Street Markets LLC purchased a new position in D.R. Horton during the fourth quarter worth approximately $28,000. Fairfield Bush & CO. purchased a new position in D.R. Horton during the first quarter worth approximately $28,000. Mascoma Wealth Management LLC raised its stake in D.R. Horton by 345.6% during the third quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock worth $33,000 after purchasing an additional 235 shares during the period. BluePath Capital Management LLC purchased a new position in D.R. Horton during the third quarter worth approximately $33,000. Finally, First Pacific Financial purchased a new position in shares of D.R. Horton in the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Raymond James raised their target price on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Royal Bank of Canada raised their target price on shares of D.R. Horton from $116.00 to $142.00 and gave the company an “underperform” rating in a research note on Monday, January 22nd. Wedbush downgraded shares of D.R. Horton from a “neutral” rating to an “underperform” rating and set a $130.00 price target on the stock. in a research note on Tuesday. Keefe, Bruyette & Woods dropped their price target on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 24th. Finally, The Goldman Sachs Group lifted their price target on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. 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. Based on data from MarketBeat, D.R. Horton has a consensus rating of “Moderate Buy” and a consensus price target of $149.53.

Read Our Latest Analysis on DHI

D.R. Horton Price Performance

NYSE DHI opened at $155.63 on Wednesday. The company has a current ratio of 6.56, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. D.R. Horton, Inc. has a 1 year low of $94.22 and a 1 year high of $165.75. The company has a fifty day simple moving average of $149.61 and a 200 day simple moving average of $134.94. The company has a market cap of $51.64 billion, a P/E ratio of 11.20, a P/E/G ratio of 0.92 and a beta of 1.64.

D.R. Horton (NYSE:DHIGet Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The construction company reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.06). D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $7.55 billion. During the same period last year, the company earned $2.76 earnings per share. D.R. Horton’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, sell-side analysts predict that D.R. Horton, Inc. will post 14.17 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Monday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is presently 8.63%.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 449 shares of the firm’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 transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The disclosure for this sale can be found here. Insiders sold a total of 27,197 shares of company stock valued at $4,225,745 in the last ninety days. Company insiders own 1.74% of the company’s stock.

About D.R. Horton

(Free Report)

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.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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