Spire Wealth Management Purchases 2,052 Shares of D.R. Horton, Inc. (NYSE:DHI)

Spire Wealth Management lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 282.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,778 shares of the construction company’s stock after purchasing an additional 2,052 shares during the quarter. Spire Wealth Management’s holdings in D.R. Horton were worth $431,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Evergreen Capital Management LLC raised its stake in shares of D.R. Horton by 53.7% in the 3rd quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock valued at $1,074,000 after buying an additional 3,489 shares in the last quarter. Voss Capital LLC acquired a new position in shares of D.R. Horton in the 4th quarter worth approximately $7,599,000. Los Angeles Capital Management LLC lifted its position in shares of 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 worth $79,884,000 after buying an additional 591,787 shares during the period. SteelPeak Wealth LLC bought a new position in shares of D.R. Horton during the 3rd quarter worth approximately $218,000. Finally, Handelsbanken Fonder AB grew its position in D.R. Horton by 20.5% in the fourth quarter. Handelsbanken Fonder AB now owns 97,275 shares of the construction company’s stock valued at $14,784,000 after acquiring an additional 16,573 shares during the period. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $149.50 on Friday. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75. The stock has a market capitalization of $49.23 billion, a P/E ratio of 10.18, a P/E/G ratio of 0.73 and a beta of 1.66. The business has a 50-day moving average price of $152.36 and a two-hundred day moving average price of $142.80.

D.R. Horton (NYSE:DHI) last posted its quarterly 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. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. During the same period in the previous year, the firm posted $2.73 earnings per share. D.R. Horton’s revenue for the quarter was up 14.2% compared to the same quarter last year. Equities analysts predict that D.R. Horton, Inc. will post 14.31 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.80%. D.R. Horton’s dividend payout ratio is currently 8.17%.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the transaction, the director now owns 5,650 shares in the company, valued at $838,799. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $838,799. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $150.70, for a total transaction of $301,400.00. Following the transaction, the director now directly owns 1,703 shares in the company, valued at approximately $256,642.10. The disclosure for this sale can be found here. Insiders sold a total of 27,812 shares of company stock valued at $4,330,617 over the last three months. Company insiders own 1.74% of the company’s stock.

Analysts Set New Price Targets

DHI has been the subject of a number of analyst reports. JMP Securities lifted their price objective on D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a report on Wednesday, January 24th. UBS Group upped their price objective on shares of D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. The Goldman Sachs Group lifted their target price on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. BTIG Research reduced their target price on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Finally, Wedbush reaffirmed an “underperform” rating and set a $130.00 price target on shares of D.R. Horton in a report on Thursday, April 18th. Two investment 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. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of “Moderate Buy” and an average target price of $158.41.

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.