D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Childress Capital Advisors LLC

Childress Capital Advisors LLC increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,650 shares of the construction company’s stock after buying an additional 144 shares during the quarter. Childress Capital Advisors LLC’s holdings in D.R. Horton were worth $231,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Coastline Trust Co purchased a new stake in shares of D.R. Horton during the third quarter valued at approximately $26,000. Rakuten Securities Inc. lifted its holdings in D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton boosted its position in D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after buying an additional 165 shares during the last quarter. Wolff Wiese Magana LLC boosted its position in D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after buying an additional 196 shares during the last quarter. Finally, Grove Bank & Trust increased its position in shares of D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after acquiring an additional 93 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DHI. JMP Securities restated a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group reduced their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Stock Performance

Shares of DHI opened at $139.73 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton, Inc. has a 1 year low of $133.02 and a 1 year high of $199.85. The firm has a fifty day moving average of $147.52 and a 200-day moving average of $168.69. The company has a market cap of $44.03 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 0.60 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. D.R. Horton’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.82 EPS. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 13.05 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s payout ratio is currently 11.31%.

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.