Verdence Capital Advisors LLC Buys 1,624 Shares of D.R. Horton, Inc. (NYSE:DHI)

Verdence Capital Advisors LLC raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 60.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,291 shares of the construction company’s stock after purchasing an additional 1,624 shares during the quarter. Verdence Capital Advisors LLC’s holdings in D.R. Horton were worth $652,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Evergreen Capital Management LLC lifted its position in 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 worth $1,074,000 after buying an additional 3,489 shares during the last quarter. Voss Capital LLC bought a new position in shares of D.R. Horton during the 4th quarter valued at $7,599,000. Los Angeles Capital Management LLC raised its position in D.R. Horton by 390.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock worth $79,884,000 after purchasing an additional 591,787 shares during the period. SteelPeak Wealth LLC bought a new stake in D.R. Horton in the third quarter worth $218,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in D.R. Horton by 12.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,241 shares of the construction company’s stock valued at $10,371,000 after buying an additional 7,600 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. BTIG Research lowered their price target on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Seaport Res Ptn lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Raymond James boosted their price objective on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, Jefferies Financial Group increased their target price on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $158.06.

D.R. Horton Price Performance

DHI opened at $143.12 on Tuesday. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The company has a market cap of $47.49 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 0.70 and a beta of 1.64. The stock has a fifty day simple moving average of $151.81 and a two-hundred day simple moving average of $139.44. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $165.75.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.15 billion. During the same period last year, the business earned $2.73 EPS. D.R. Horton’s quarterly revenue was up 14.2% compared to the same quarter last year. Research analysts predict that D.R. Horton, Inc. will post 14.25 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.84%. D.R. Horton’s dividend payout ratio is currently 8.17%.

Insider Buying and Selling

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction 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 completion of the transaction, the insider now owns 773,121 shares in the company, valued at $120,862,005.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the transaction, the director now owns 5,650 shares in the company, valued at $844,053.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 sale, the insider now directly 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. Insiders have sold 27,197 shares of company stock worth $4,225,745 in the last 90 days. Insiders own 1.74% of the company’s stock.

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.