Kovack Advisors Inc. Takes $362,000 Position in D.R. Horton, Inc. (NYSE:DHI)

Kovack Advisors Inc. acquired a new position in D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,382 shares of the construction company’s stock, valued at approximately $362,000.

Several other hedge funds have also recently bought and sold shares of DHI. Oakworth Capital Inc. bought a new position in shares of D.R. Horton in the fourth quarter valued at approximately $38,000. BluePath Capital Management LLC bought a new stake in D.R. Horton during the third quarter valued at about $33,000. Friedenthal Financial acquired a new stake in shares of D.R. Horton in the fourth quarter valued at about $47,000. AdvisorNet Financial Inc increased its stake in shares of D.R. Horton by 81.8% in the fourth quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock worth $55,000 after purchasing an additional 162 shares during the period. Finally, ORG Partners LLC lifted its position in shares of D.R. Horton by 37,500.0% during the 4th quarter. ORG Partners LLC now owns 376 shares of the construction company’s stock worth $57,000 after purchasing an additional 375 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the transaction, the director now owns 5,650 shares in the company, valued at approximately $844,053.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider David V. Auld sold 25,000 shares of D.R. Horton 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 sale, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,812 shares of company stock worth $4,029,217. Insiders own 1.74% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI stock opened at $145.98 on Tuesday. The stock’s fifty day simple moving average is $152.09 and its 200 day simple moving average is $140.86. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $165.75. The firm has a market cap of $48.07 billion, a price-to-earnings ratio of 9.94, a P/E/G ratio of 0.72 and a beta of 1.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.44. The company 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 was up 14.2% on a year-over-year basis. During the same quarter last year, the business posted $2.73 earnings per share. On average, analysts expect that D.R. Horton, Inc. will post 14.31 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s dividend payout ratio is currently 8.17%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JMP Securities upped their price target on D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 24th. Seaport Res Ptn downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Jefferies Financial Group boosted their price objective on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Raymond James increased their target price on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Wedbush restated an “underperform” rating and set a $130.00 price target on shares of D.R. Horton in a research note on Thursday, April 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently 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.