Quadrant Capital Group LLC Grows Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Quadrant Capital Group LLC grew its holdings in shares of D.R. Horton, Inc. (NYSE:DHIGet Rating) by 8.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,113 shares of the construction company’s stock after purchasing an additional 248 shares during the period. Quadrant Capital Group LLC’s holdings in D.R. Horton were worth $232,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Larson Financial Group LLC grew its stake in D.R. Horton by 65.4% during the fourth quarter. Larson Financial Group LLC now owns 311 shares of the construction company’s stock worth $34,000 after buying an additional 123 shares during the period. Fiduciary Trust Co. grew its stake in D.R. Horton by 3.0% during the fourth quarter. Fiduciary Trust Co. now owns 4,405 shares of the construction company’s stock worth $477,000 after buying an additional 130 shares during the period. Itau Unibanco Holding S.A. grew its stake in D.R. Horton by 10.9% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,467 shares of the construction company’s stock worth $158,000 after buying an additional 144 shares during the period. SRS Capital Advisors Inc. grew its stake in D.R. Horton by 4.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,572 shares of the construction company’s stock worth $387,000 after buying an additional 153 shares during the period. Finally, Shaker Investments LLC OH grew its stake in D.R. Horton by 0.6% during the first quarter. Shaker Investments LLC OH now owns 26,828 shares of the construction company’s stock worth $1,999,000 after buying an additional 160 shares during the period. 81.27% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Trading Down 0.5 %

NYSE DHI opened at $76.35 on Friday. The company has a market capitalization of $26.53 billion, a price-to-earnings ratio of 4.90, a price-to-earnings-growth ratio of 0.50 and a beta of 1.60. D.R. Horton, Inc. has a 12 month low of $59.25 and a 12 month high of $110.45. The company’s fifty day moving average price is $71.76 and its two-hundred day moving average price is $76.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 5.71 and a quick ratio of 0.84.

D.R. Horton (NYSE:DHIGet Rating) last issued its earnings results on Thursday, July 21st. The construction company reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.18. The company had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.91 billion. D.R. Horton had a net margin of 17.42% and a return on equity of 33.33%. The firm’s revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.06 earnings per share. As a group, research analysts predict that D.R. Horton, Inc. will post 17.13 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 11th. Shareholders of record on Thursday, August 4th will be issued a dividend of $0.225 per share. The ex-dividend date is Wednesday, August 3rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.18%. D.R. Horton’s dividend payout ratio (DPR) is 5.78%.

Insiders Place Their Bets

In other D.R. Horton news, Director Michael W. Hewatt sold 1,948 shares of the stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $67.97, for a total transaction of $132,405.56. Following the sale, the director now directly owns 5,067 shares of the company’s stock, valued at $344,403.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Aron M. Odom sold 5,000 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $77.72, for a total value of $388,600.00. Following the sale, the vice president now owns 3,024 shares of the company’s stock, valued at approximately $235,025.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael W. Hewatt sold 1,948 shares of the stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $67.97, for a total transaction of $132,405.56. Following the completion of the sale, the director now directly owns 5,067 shares in the company, valued at approximately $344,403.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,948 shares of company stock valued at $829,286. Company insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

DHI has been the subject of several analyst reports. Wells Fargo & Company decreased their target price on shares of D.R. Horton from $86.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, June 17th. Credit Suisse Group decreased their target price on shares of D.R. Horton to $85.00 in a research note on Friday, July 22nd. BTIG Research decreased their target price on shares of D.R. Horton from $97.00 to $92.00 in a research note on Friday, July 22nd. JMP Securities decreased their target price on shares of D.R. Horton from $120.00 to $95.00 and set a “market outperform” rating for the company in a research note on Friday, July 22nd. Finally, Royal Bank of Canada decreased their target price on shares of D.R. Horton from $103.00 to $89.00 in a research note on Wednesday, April 27th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.14.

D.R. Horton Company Profile

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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 31 states and 98 markets under the names of D.R.

Further Reading

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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