2,965 Shares in D.R. Horton, Inc. (NYSE:DHI) Acquired by WD Rutherford LLC

WD Rutherford LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,965 shares of the construction company’s stock, valued at approximately $488,000.

A number of other hedge funds have also recently made changes to their positions in the company. Evergreen Capital Management LLC boosted its stake in D.R. Horton by 53.7% during the third 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 during the period. Voss Capital LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at about $7,599,000. Handelsbanken Fonder AB grew its holdings in shares of D.R. Horton by 20.5% during the fourth quarter. Handelsbanken Fonder AB now owns 97,275 shares of the construction company’s stock worth $14,784,000 after purchasing an additional 16,573 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of D.R. Horton by 12.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,241 shares of the construction company’s stock worth $10,371,000 after purchasing an additional 7,600 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in D.R. Horton by 43.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 20,731 shares of the construction company’s stock valued at $2,228,000 after purchasing an additional 6,272 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Trading Down 0.2 %

Shares of NYSE:DHI traded down $0.27 during midday trading on Friday, hitting $140.93. 2,792,073 shares of the stock traded hands, compared to its average volume of 2,150,987. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $46.41 billion, a PE ratio of 9.59, a P/E/G ratio of 0.70 and a beta of 1.68. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $165.75. The business’s 50 day moving average is $145.10 and its two-hundred day moving average is $148.53.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.73 earnings per share. As a group, research analysts forecast that D.R. Horton, Inc. will post 14.26 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, May 2nd were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Wednesday, May 1st. D.R. Horton’s dividend payout ratio is currently 8.17%.

Insider Buying and Selling

In other D.R. Horton news, 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 sale, the director now directly owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 1,703 shares of the company’s stock, valued at $256,642.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $53,890.98. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at $838,799. The disclosure for this sale can be found here. 1.74% of the stock is owned by insiders.

Analyst Ratings Changes

DHI has been the topic of a number of research analyst reports. Citigroup decreased their price target on shares of D.R. Horton from $191.00 to $181.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Barclays lowered their price target on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. BTIG Research cut their price objective on D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. UBS Group raised their price objective on D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, Wedbush reaffirmed an “underperform” rating and issued a $130.00 target price on shares of D.R. Horton in a research note on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, D.R. Horton currently has a consensus rating of “Moderate Buy” and an average target price of $158.31.

D.R. Horton 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.