Larson Financial Group LLC Trims Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Larson Financial Group LLC trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 60.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,319 shares of the construction company’s stock after selling 2,013 shares during the quarter. Larson Financial Group LLC’s holdings in D.R. Horton were worth $200,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DHI. AE Wealth Management LLC increased its holdings in D.R. Horton by 40.5% in the 3rd quarter. AE Wealth Management LLC now owns 11,867 shares of the construction company’s stock worth $1,275,000 after acquiring an additional 3,418 shares in the last quarter. DAVENPORT & Co LLC grew its holdings in D.R. Horton by 4.3% during the 3rd quarter. DAVENPORT & Co LLC now owns 7,442 shares of the construction company’s stock valued at $800,000 after buying an additional 305 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in D.R. Horton by 7,293.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 3,327 shares of the construction company’s stock valued at $358,000 after buying an additional 3,282 shares in the last quarter. Caprock Group LLC boosted its position in shares of D.R. Horton by 2.7% during the 3rd quarter. Caprock Group LLC now owns 4,884 shares of the construction company’s stock valued at $525,000 after acquiring an additional 127 shares during the last quarter. Finally, Oak Thistle LLC bought a new position in shares of D.R. Horton during the 3rd quarter valued at approximately $398,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

DHI opened at $146.12 on Thursday. The business’s 50-day moving average is $151.94 and its two-hundred day moving average is $139.79. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $165.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. The firm has a market capitalization of $48.49 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 0.73 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.44. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.73 earnings per share. Research analysts anticipate that D.R. Horton, Inc. will post 14.27 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm 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 $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.82%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s dividend payout ratio is presently 8.17%.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction dated 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 owns 5,650 shares of the company’s stock, valued at $844,053.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at $844,053.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction dated Tuesday, January 30th. The stock was 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 approximately $809,419. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,560 shares of company stock valued at $4,279,636. 1.74% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on DHI. Barclays lowered their target price on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Jefferies Financial Group increased their target price on D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Raymond James increased their target price on D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. UBS Group increased their target price on D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Finally, Royal Bank of Canada lowered their price target on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research report on Friday, April 19th. 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.06.

About D.R. Horton

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.