SVB Wealth LLC Has $1.46 Million Position in D.R. Horton, Inc. (NYSE:DHI)

SVB Wealth LLC raised its position in D.R. Horton, Inc. (NYSE:DHI) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,594 shares of the construction company’s stock after acquiring an additional 566 shares during the quarter. SVB Wealth LLC’s holdings in D.R. Horton were worth $1,458,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Clear Street Markets LLC acquired a new stake in D.R. Horton in the fourth quarter valued at $28,000. Fairfield Bush & CO. acquired a new stake in D.R. Horton in the first quarter valued at $28,000. Mascoma Wealth Management LLC lifted its stake in D.R. Horton by 345.6% in the third quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock valued at $33,000 after acquiring an additional 235 shares during the last quarter. BluePath Capital Management LLC bought a new position in shares of D.R. Horton in the third quarter valued at about $33,000. Finally, First Pacific Financial bought a new position in shares of D.R. Horton in the third quarter valued at about $41,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DHI. BTIG Research dropped their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday. JMP Securities increased their price objective on shares of D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 24th. Wedbush reissued an “underperform” rating and issued a $130.00 price objective on shares of D.R. Horton in a research report on Thursday. Keefe, Bruyette & Woods dropped their price objective on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 24th. Finally, Citigroup increased their price objective on shares of D.R. Horton from $166.00 to $191.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $154.00.

D.R. Horton Trading Up 0.1 %

Shares of D.R. Horton stock opened at $145.91 on Friday. The firm’s 50-day moving average price is $151.97 and its two-hundred day moving average price is $138.42. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $165.75. The company has a market capitalization of $48.42 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 0.72 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.09 by $0.43. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. During the same period last year, the company earned $2.73 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. On average, analysts forecast that D.R. Horton, Inc. will post 14.24 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.82%. D.R. Horton’s payout ratio is 8.63%.

Insiders Place Their Bets

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the firm’s 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 transaction, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the transaction, the director now owns 5,650 shares in the company, valued at approximately $809,419. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,197 shares of company stock worth $4,225,745. 1.74% of the stock is currently owned by insiders.

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.