Valeo Financial Advisors LLC Acquires 229 Shares of D.R. Horton, Inc. (NYSE:DHI)

Valeo Financial Advisors LLC lifted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 6.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,796 shares of the construction company’s stock after buying an additional 229 shares during the quarter. Valeo Financial Advisors LLC’s holdings in D.R. Horton were worth $531,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. TCI Wealth Advisors Inc. boosted its stake in shares of 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 worth $284,000 after acquiring an additional 58 shares during the period. Covestor Ltd boosted its stake in shares of D.R. Horton by 6.6% in the third quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after acquiring an additional 66 shares during the period. Insigneo Advisory Services LLC boosted its stake in shares of D.R. Horton by 1.9% in the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock worth $695,000 after acquiring an additional 67 shares during the period. Demars Financial Group LLC lifted its position 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 worth $419,000 after buying an additional 74 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in shares of D.R. Horton by 1.0% in the third quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock worth $1,454,000 after buying an additional 78 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred on 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 at the SEC website. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on DHI shares. JMP Securities reiterated a “market outperform” rating and issued a $210.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Royal Bank of Canada reiterated an “underperform” rating and issued a $125.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Wedbush reiterated a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Finally, Citigroup decreased their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $170.93.

D.R. Horton Trading Up 1.0 %

DHI opened at $130.63 on Monday. The stock has a market cap of $41.16 billion, a price-to-earnings ratio of 9.23, a P/E/G ratio of 0.58 and a beta of 1.76. The stock’s 50 day moving average price is $141.56 and its 200-day moving average price is $166.00. D.R. Horton, Inc. has a one year low of $125.84 and a one year high of $199.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.82 earnings per share. On average, equities analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.22%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

About D.R. Horton

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.