Atomi Financial Group Inc. Buys 531 Shares of D.R. Horton, Inc. (NYSE:DHI)

Atomi Financial Group Inc. increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 7.4% during the fourth quarter, Holdings Channel reports. The firm owned 7,665 shares of the construction company’s stock after acquiring an additional 531 shares during the period. Atomi Financial Group Inc.’s holdings in D.R. Horton were worth $1,072,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TCI Wealth Advisors Inc. grew its stake in D.R. Horton by 4.1% in the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after acquiring an additional 58 shares during the period. Covestor Ltd grew its position in D.R. Horton by 6.6% in the 3rd quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock valued at $203,000 after purchasing an additional 66 shares during the period. Insigneo Advisory Services LLC increased its stake in D.R. Horton by 1.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after purchasing an additional 67 shares in the last quarter. Azzad Asset Management Inc. ADV raised its holdings in D.R. Horton by 0.8% during the third quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company’s stock worth $1,649,000 after buying an additional 72 shares during the last quarter. Finally, Demars Financial Group LLC lifted its stake in shares of D.R. Horton by 3.5% in the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock valued at $419,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. Royal Bank of Canada reissued an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a research note on Wednesday. The Goldman Sachs Group cut their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. UBS Group lowered their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Evercore ISI cut their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $174.53.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by company insiders.

D.R. Horton Stock Performance

Shares of DHI stock opened at $147.01 on Thursday. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85. The firm’s 50-day simple moving average is $151.09 and its two-hundred day simple moving average is $169.16. The firm has a market cap of $47.17 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 0.56 and a beta of 1.75. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7,120,170 billion. During the same quarter in the prior year, the business earned $2.82 earnings per share. D.R. Horton’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities analysts forecast that D.R. Horton, Inc. will post 13.97 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.14%.

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.