JPL Wealth Management LLC Takes Position in D.R. Horton, Inc. (NYSE:DHI)

JPL Wealth Management LLC acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,659 shares of the construction company’s stock, valued at approximately $1,620,000.

Other large investors have also made changes to their positions in the company. Oakworth Capital Inc. acquired a new position in shares of D.R. Horton during the fourth quarter valued at about $38,000. Private Wealth Management Group LLC acquired a new position in D.R. Horton in the fourth quarter worth about $42,000. Friedenthal Financial acquired a new position in D.R. Horton in the fourth quarter worth about $47,000. AdvisorNet Financial Inc raised its position in D.R. Horton by 81.8% in the fourth quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock worth $55,000 after purchasing an additional 162 shares in the last quarter. Finally, EdgeRock Capital LLC acquired a new position in D.R. Horton in the fourth quarter worth about $55,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Down 3.3 %

DHI stock traded down $4.93 during midday trading on Wednesday, reaching $144.45. The company’s stock had a trading volume of 2,058,885 shares, compared to its average volume of 2,529,520. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $165.75. The stock has a market cap of $47.57 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 0.74 and a beta of 1.66. 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 business’s 50-day simple moving average is $151.94 and its 200-day simple moving average is $145.85.

D.R. Horton (NYSE:DHI) last announced its quarterly 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 company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the firm posted $2.73 earnings per share. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 14.26 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.83%. D.R. Horton’s dividend payout ratio is 8.17%.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the sale, the director now directly owns 5,650 shares in the company, valued at $844,053.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David V. Auld sold 25,000 shares of the firm’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 sale, the insider now owns 773,121 shares in the company, valued at $120,862,005.93. The disclosure for this sale can be found here. Insiders have sold a total of 27,812 shares of company stock valued at $4,330,617 over the last three months. 1.74% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DHI. UBS Group increased their price target on shares of D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Wedbush reissued an “underperform” rating and issued a $130.00 price target on shares of D.R. Horton in a research report on Thursday, April 18th. BTIG Research dropped their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Bank of America dropped their price objective 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. Finally, JMP Securities raised their price objective on shares of D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, D.R. Horton currently has an average rating of “Moderate Buy” and an average target price of $157.82.

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.