Brighton Jones LLC Buys 186 Shares of D.R. Horton, Inc. (NYSE:DHI)

Brighton Jones LLC raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 10.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,051 shares of the construction company’s stock after acquiring an additional 186 shares during the quarter. Brighton Jones LLC’s holdings in D.R. Horton were worth $312,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Los Angeles Capital Management LLC lifted its holdings in D.R. Horton by 390.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock valued at $79,884,000 after purchasing an additional 591,787 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of D.R. Horton by 21.7% in the 4th quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after acquiring an additional 484,058 shares in the last quarter. Acadian Asset Management LLC grew its position in D.R. Horton by 1,357.4% during the 3rd quarter. Acadian Asset Management LLC now owns 490,043 shares of the construction company’s stock worth $52,652,000 after acquiring an additional 456,419 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in D.R. Horton by 150.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 571,051 shares of the construction company’s stock worth $61,371,000 after acquiring an additional 342,884 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in D.R. Horton during the 3rd quarter valued at $36,657,000. 90.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Royal Bank of Canada reduced their price objective on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a research note on Friday, April 19th. Wedbush reissued an “underperform” rating and set a $130.00 price objective on shares of D.R. Horton in a report on Thursday, April 18th. Jefferies Financial Group raised their price objective on shares of D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research report on Friday, April 19th. UBS Group upped their target price on shares of D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, D.R. Horton has an average rating of “Moderate Buy” and a consensus price target of $158.06.

D.R. Horton Stock Performance

Shares of DHI opened at $148.48 on Friday. The firm’s 50 day moving average price is $152.04 and its two-hundred day moving average price is $141.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $165.75. The firm has a market cap of $48.90 billion, a P/E ratio of 10.11, a PEG ratio of 0.72 and a beta of 1.66.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.73 EPS. On average, analysts forecast that D.R. Horton, Inc. will post 14.31 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 363 shares of D.R. Horton stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the sale, the director now directly owns 5,650 shares in the company, valued at $838,799. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Barbara K. Allen sold 363 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $838,799. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the sale, the insider now directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. Insiders sold a total of 25,812 shares of company stock valued at $4,029,217 in the last quarter. 1.74% of the stock is currently owned by 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.