Mach 1 Financial Group LLC Decreases Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Mach 1 Financial Group LLC cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 48.1% during the fourth quarter, HoldingsChannel reports. The firm owned 3,341 shares of the construction company’s stock after selling 3,093 shares during the period. Mach 1 Financial Group LLC’s holdings in D.R. Horton were worth $508,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. BluePath Capital Management LLC bought a new position in D.R. Horton during the 3rd quarter worth about $33,000. Oakworth Capital Inc. bought a new stake in shares of D.R. Horton in the 4th quarter valued at about $38,000. First Pacific Financial bought a new stake in shares of D.R. Horton in the 3rd quarter valued at about $41,000. Silver Oak Securities Incorporated bought a new stake in shares of D.R. Horton in the 3rd quarter valued at about $43,000. Finally, JFS Wealth Advisors LLC boosted its holdings in shares of D.R. Horton by 85.8% in the 3rd quarter. JFS Wealth Advisors LLC now owns 420 shares of the construction company’s stock valued at $45,000 after buying an additional 194 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DHI has been the subject of several research analyst reports. Wedbush reaffirmed an “underperform” rating and issued a $130.00 price objective on shares of D.R. Horton in a research report on Thursday, April 18th. JMP Securities raised their price target on shares of D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 24th. Keefe, Bruyette & Woods cut their target price on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. Royal Bank of Canada cut their target price on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a report on Friday, April 19th. Finally, Bank of America cut their target price on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a 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 given a buy rating to the company. According to data from MarketBeat, D.R. Horton has a consensus rating of “Moderate Buy” and a consensus target price of $158.06.

Insider Activity

In related news, insider David V. Auld sold 25,000 shares of the company’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 sale was disclosed in a legal filing with the SEC, which is available through this link. In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the transaction, the director now owns 5,650 shares in the company, valued at approximately $838,799. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David V. Auld sold 25,000 shares of the company’s 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 transaction, the insider now 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. In the last three months, insiders have sold 25,812 shares of company stock valued at $4,029,217. Company insiders own 1.74% of the company’s stock.

D.R. Horton Trading Down 0.2 %

DHI stock traded down $0.28 during trading on Wednesday, reaching $141.91. 170,780 shares of the stock were exchanged, compared to its average volume of 2,530,607. 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 business has a 50 day moving average price of $152.07 and a 200-day moving average price of $141.13. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $165.75. The firm has a market capitalization of $46.73 billion, a price-to-earnings ratio of 9.70, a P/E/G ratio of 0.72 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. D.R. Horton’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.73 earnings per share. On average, research analysts predict that D.R. Horton, Inc. will post 14.32 earnings per share for the current 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 paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

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.