Front Row Advisors LLC raised its position in D. R. Horton Inc (NYSE:DHI) by 873.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 808 shares of the construction company’s stock after acquiring an additional 725 shares during the period. Front Row Advisors LLC’s holdings in D. R. Horton were worth $33,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in DHI. Focused Wealth Management Inc bought a new stake in shares of D. R. Horton during the 1st quarter worth approximately $25,000. PRW Wealth Management LLC bought a new stake in shares of D. R. Horton during the 4th quarter worth approximately $30,000. Sage Capital Advisors llc bought a new stake in shares of D. R. Horton during the 4th quarter worth approximately $31,000. Semmax Financial Advisors Inc. bought a new stake in shares of D. R. Horton during the 4th quarter worth approximately $33,000. Finally, JOYN Advisors Inc. raised its stake in shares of D. R. Horton by 37.0% during the 4th quarter. JOYN Advisors Inc. now owns 993 shares of the construction company’s stock worth $34,000 after purchasing an additional 268 shares in the last quarter. Institutional investors own 87.16% of the company’s stock.
DHI opened at $45.96 on Monday. D. R. Horton Inc has a 1-year low of $32.39 and a 1-year high of $47.02. The company has a current ratio of 7.27, a quick ratio of 0.83 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $17.15 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 1.07 and a beta of 1.19.
D. R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. D. R. Horton had a return on equity of 16.96% and a net margin of 9.39%. The business had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter in the prior year, the business earned $0.91 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, equities analysts expect that D. R. Horton Inc will post 3.92 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Friday, May 10th. D. R. Horton’s dividend payout ratio is 14.67%.
In other D. R. Horton news, Director Michael W. Hewatt sold 1,833 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $40.06, for a total value of $73,429.98. Following the transaction, the director now directly owns 9,000 shares of the company’s stock, valued at approximately $360,540. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael W. Hewatt sold 2,000 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $41.28, for a total value of $82,560.00. Following the completion of the transaction, the director now directly owns 9,000 shares in the company, valued at $371,520. The disclosure for this sale can be found here. Corporate insiders own 6.87% of the company’s stock.
A number of equities research analysts have recently issued reports on DHI shares. Zelman & Associates upgraded D. R. Horton from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Keefe, Bruyette & Woods cut D. R. Horton from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $45.66 to $37.30 in a research note on Monday, April 22nd. Wedbush cut D. R. Horton from an “outperform” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a research note on Thursday, February 21st. Barclays set a $44.00 price objective on D. R. Horton and gave the stock a “buy” rating in a research note on Thursday, March 28th. Finally, ValuEngine cut D. R. Horton from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $47.23.
COPYRIGHT VIOLATION WARNING: “Front Row Advisors LLC Grows Holdings in D. R. Horton Inc (NYSE:DHI)” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2019/06/17/front-row-advisors-llc-grows-holdings-in-d-r-horton-inc-nysedhi.html.
D. R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
See Also: Why do analysts give a neutral rating?
Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D. R. Horton Inc (NYSE:DHI).
Receive News & Ratings for D. R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D. R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.