CapWealth Advisors LLC Sells 2,237 Shares of D.R. Horton, Inc. (NYSE:DHI)

CapWealth Advisors LLC lowered its stake in D.R. Horton, Inc. (NYSE:DHI) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,802 shares of the construction company’s stock after selling 2,237 shares during the period. D.R. Horton accounts for 3.7% of CapWealth Advisors LLC’s holdings, making the stock its 5th largest holding. CapWealth Advisors LLC’s holdings in D.R. Horton were worth $30,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Legal Advantage Investments Inc. raised its stake in D.R. Horton by 2.5% during the fourth quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock worth $467,000 after buying an additional 75 shares during the last quarter. Wealthsource Partners LLC grew its holdings in shares of D.R. Horton by 2.7% during the fourth quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock valued at $445,000 after buying an additional 78 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of D.R. Horton by 2.2% during the third quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock valued at $391,000 after buying an additional 79 shares during the last quarter. FineMark National Bank & Trust grew its holdings in shares of D.R. Horton by 2.0% during the third quarter. FineMark National Bank & Trust now owns 4,035 shares of the construction company’s stock valued at $434,000 after buying an additional 80 shares during the last quarter. Finally, Tiemann Investment Advisors LLC grew its holdings in shares of D.R. Horton by 1.6% during the third quarter. Tiemann Investment Advisors LLC now owns 5,447 shares of the construction company’s stock valued at $585,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of D.R. Horton from $116.00 to $142.00 and gave the company an “underperform” rating in a report on Monday, January 22nd. The Goldman Sachs Group boosted their price target on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Wedbush restated an “underperform” rating and set a $130.00 price target on shares of D.R. Horton in a report on Thursday. Seaport Res Ptn cut shares of D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Finally, Barclays boosted their price target on shares of D.R. Horton from $166.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $154.00.

Insider Activity

In other news, 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 value 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 is available at the SEC website. 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 value of $3,908,250.00. Following the completion of the sale, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The disclosure for this sale can be found here. Insiders sold a total of 27,197 shares of company stock worth $4,225,745 in the last quarter. 1.74% of the stock is owned by company insiders.

D.R. Horton Trading Up 2.3 %

DHI traded up $3.34 during midday trading on Thursday, reaching $149.08. 2,597,773 shares of the company’s stock traded hands, compared to its average volume of 2,530,529. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $165.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.56 and a quick ratio of 1.20. The firm has a fifty day moving average of $151.94 and a two-hundred day moving average of $138.37. The stock has a market capitalization of $49.47 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 0.72 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.43. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same quarter last year, the business posted $2.73 EPS. The business’s revenue was up 14.2% on a year-over-year basis. On average, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.80%. D.R. Horton’s payout ratio is presently 8.63%.

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.