Mill Creek Capital Advisors LLC Buys Shares of 2,037 D.R. Horton, Inc. (NYSE:DHI)

Mill Creek Capital Advisors LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,037 shares of the construction company’s stock, valued at approximately $285,000.

A number of other institutional investors have also bought and sold shares of the business. Ritholtz Wealth Management raised its holdings in shares of D.R. Horton by 24.9% during the 3rd quarter. Ritholtz Wealth Management now owns 2,240 shares of the construction company’s stock worth $427,000 after acquiring an additional 446 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of D.R. Horton in the 3rd quarter worth approximately $1,283,000. Grove Bank & Trust lifted its stake in D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after purchasing an additional 93 shares in the last quarter. Creative Planning lifted its stake in D.R. Horton by 18.0% during the 3rd quarter. Creative Planning now owns 44,031 shares of the construction company’s stock worth $8,400,000 after acquiring an additional 6,709 shares in the last quarter. Finally, NBC Securities Inc. boosted its stake in shares of D.R. Horton by 6,157.1% in the third quarter. NBC Securities Inc. now owns 876 shares of the construction company’s stock valued at $167,000 after purchasing an additional 862 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DHI. Wells Fargo & Company decreased their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Evercore ISI lowered their target price on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. UBS Group lowered their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Wedbush reissued a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $170.93.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Stock Performance

Shares of DHI opened at $130.61 on Wednesday. D.R. Horton, Inc. has a 12-month low of $127.47 and a 12-month high of $199.85. The stock has a market cap of $41.16 billion, a P/E ratio of 9.23, a PEG ratio of 0.58 and a beta of 1.76. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $144.12 and a two-hundred day moving average of $167.30.

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. The firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.82 EPS. As a group, research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Friday, February 7th. D.R. Horton’s payout ratio is currently 11.31%.

D.R. Horton Company 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.