IMS Capital Management Buys 730 Shares of D.R. Horton, Inc. (NYSE:DHI)

IMS Capital Management grew its stake in D.R. Horton, Inc. (NYSE:DHI) by 19.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,543 shares of the construction company’s stock after acquiring an additional 730 shares during the period. IMS Capital Management’s holdings in D.R. Horton were worth $635,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. TCI Wealth Advisors Inc. boosted its position in shares of D.R. Horton by 4.1% during the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after buying an additional 58 shares during the period. Covestor Ltd lifted its stake 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 acquiring an additional 66 shares in the last quarter. Insigneo Advisory Services LLC lifted its stake in D.R. Horton by 1.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after acquiring an additional 67 shares in the last quarter. Demars Financial Group LLC boosted its position in D.R. Horton by 3.5% during the 3rd quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock worth $419,000 after acquiring an additional 74 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in shares of D.R. Horton by 1.0% during the 3rd quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock worth $1,454,000 after acquiring an additional 78 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

D.R. Horton Stock Performance

NYSE DHI opened at $129.29 on Friday. The stock has a market cap of $40.74 billion, a PE ratio of 9.14, a P/E/G ratio of 0.58 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The firm has a 50-day moving average of $142.72 and a 200-day moving average of $166.70. D.R. Horton, Inc. has a 52-week low of $125.84 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the business posted $2.82 earnings per share. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a $0.40 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.24%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Analyst Ratings Changes

DHI has been the subject of several recent research reports. Citigroup reduced their target price on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $188.00 to $156.00 in a report on Friday, December 13th. Wedbush reiterated a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. Barclays decreased their price target on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Finally, JMP Securities reiterated a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $170.93.

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.