Clarius Group LLC Acquires 631 Shares of D.R. Horton, Inc. (NYSE:DHI)

Clarius Group LLC boosted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 32.1% in the fourth quarter, HoldingsChannel reports. The firm owned 2,595 shares of the construction company’s stock after purchasing an additional 631 shares during the period. Clarius Group LLC’s holdings in D.R. Horton were worth $363,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. HB Wealth Management LLC lifted its position in shares of D.R. Horton by 2.8% during the 4th quarter. HB Wealth Management LLC now owns 10,424 shares of the construction company’s stock valued at $1,458,000 after acquiring an additional 280 shares during the period. Sanibel Captiva Trust Company Inc. increased its stake in D.R. Horton by 15.6% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 7,341 shares of the construction company’s stock valued at $1,026,000 after purchasing an additional 991 shares in the last quarter. Somerset Trust Co raised its holdings in shares of D.R. Horton by 47.8% during the fourth quarter. Somerset Trust Co now owns 2,213 shares of the construction company’s stock valued at $309,000 after purchasing an additional 716 shares during the period. Merit Financial Group LLC boosted its position in shares of D.R. Horton by 110.5% during the 4th quarter. Merit Financial Group LLC now owns 3,212 shares of the construction company’s stock worth $449,000 after purchasing an additional 1,686 shares in the last quarter. Finally, Avanza Fonder AB acquired a new stake in shares of D.R. Horton in the 4th quarter valued at about $4,555,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DHI. Wells Fargo & Company cut their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Royal Bank of Canada cut their target price on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a report on Wednesday, October 30th. Citigroup decreased their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. BTIG Research dropped their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Wedbush reissued a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $176.20.

D.R. Horton Stock Performance

Shares of DHI opened at $147.83 on Monday. The stock has a 50 day moving average of $151.85 and a 200 day moving average of $169.02. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12 month low of $133.02 and a 12 month high of $199.85. The company has a market capitalization of $47.43 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.51 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.45 earnings per share. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.08%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.54% of the stock is owned by company insiders.

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.