D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. lessened its holdings in D.R. Horton, Inc. (NYSE:DHI) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,814 shares of the construction company’s stock after selling 770 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in D.R. Horton were worth $4,531,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DHI. Greenhaven Associates Inc. raised its stake in D.R. Horton by 1.0% during the fourth quarter. Greenhaven Associates Inc. now owns 3,547,948 shares of the construction company’s stock worth $539,217,000 after acquiring an additional 34,366 shares during the period. Northern Trust Corp lifted its holdings in shares of D.R. Horton by 3.2% in the 3rd quarter. Northern Trust Corp now owns 3,389,414 shares of the construction company’s stock worth $364,260,000 after purchasing an additional 104,453 shares during the last quarter. Morgan Stanley boosted its position in D.R. Horton by 3.4% during the 3rd quarter. Morgan Stanley now owns 3,254,275 shares of the construction company’s stock valued at $349,737,000 after purchasing an additional 106,074 shares during the period. Pacer Advisors Inc. grew its stake in D.R. Horton by 21.7% during the 4th quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after buying an additional 484,058 shares during the last quarter. Finally, Earnest Partners LLC increased its position in D.R. Horton by 1.1% in the third quarter. Earnest Partners LLC now owns 1,723,819 shares of the construction company’s stock worth $185,259,000 after buying an additional 19,396 shares during the period. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI traded up $3.02 during trading hours on Friday, hitting $148.48. 3,134,157 shares of the company were exchanged, compared to its average volume of 2,607,539. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. The company has a market capitalization of $48.90 billion, a PE ratio of 10.11, a PEG ratio of 0.72 and a beta of 1.66. The firm has a fifty day simple moving average of $152.04 and a 200-day simple moving average of $141.17. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $165.75.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. The business 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 for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the company posted $2.73 EPS. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 14.31 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.81%. D.R. Horton’s dividend payout ratio is currently 8.17%.

Insider Buying and Selling

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 5,650 shares in the company, valued at $844,053.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction that occurred on 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 owns 773,121 shares in the company, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,812 shares of company stock valued at $4,029,217. Company insiders own 1.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DHI shares. Bank of America lowered their price target on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Raymond James lifted their price target on D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. UBS Group increased their price objective on D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Citigroup lifted their target price on D.R. Horton from $166.00 to $191.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Wedbush reissued an “underperform” rating and issued a $130.00 price target on shares of D.R. Horton in a research note on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.06.

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.