D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Pacific Wealth Strategies Group Inc.

Pacific Wealth Strategies Group Inc. trimmed its stake in D.R. Horton, Inc. (NYSE:DHI) by 3.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,558 shares of the construction company’s stock after selling 139 shares during the period. Pacific Wealth Strategies Group Inc.’s holdings in D.R. Horton were worth $693,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of DHI. Illinois Municipal Retirement Fund boosted its position in shares of D.R. Horton by 8.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 128,895 shares of the construction company’s stock worth $19,589,000 after acquiring an additional 10,338 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of D.R. Horton by 7.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 322,932 shares of the construction company’s stock worth $49,079,000 after buying an additional 22,469 shares in the last quarter. RWA Wealth Partners LLC acquired a new position in shares of D.R. Horton in the fourth quarter worth about $279,000. Foundry Partners LLC purchased a new stake in D.R. Horton in the 4th quarter worth approximately $260,000. Finally, Handelsbanken Fonder AB increased its position in 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 buying an additional 16,573 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DHI has been the topic of several research analyst reports. Royal Bank of Canada decreased their price target on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a research note on Friday, April 19th. Citigroup raised their price target on shares of D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Raymond James boosted their target price on D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. BTIG Research reduced their price target on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. Finally, Wedbush reaffirmed an “underperform” rating and issued a $130.00 price target on shares of D.R. Horton in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.06.

Insider Activity

In related 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 value of $250,418.48. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $809,419. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Barbara K. Allen sold 1,748 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $809,419. The disclosure for this sale can be found here. Insiders sold a total of 27,560 shares of company stock worth $4,279,636 in the last three months. Company insiders own 1.74% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI stock traded down $1.90 during mid-day trading on Wednesday, reaching $146.13. The company’s stock had a trading volume of 446,888 shares, compared to its average volume of 2,557,344. The company has a market cap of $48.49 billion, a P/E ratio of 10.08, a PEG ratio of 0.71 and a beta of 1.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75. The firm’s 50-day moving average is $151.92 and its two-hundred day moving average is $139.75.

D.R. Horton (NYSE:DHI) last announced its 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. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.73 EPS. On average, research analysts predict that D.R. Horton, Inc. will post 14.27 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently announced 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%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s payout ratio is presently 8.17%.

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.