Benjamin Edwards Inc. Has $6.89 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Key Points

• Benjamin Edwards Inc. increased its holdings in D.R. Horton, Inc. by 14.1% during the first quarter, acquiring an additional 6,720 shares and holding a total of 54,215 shares valued at $6.89 million.
• Several institutional investors have also boosted their positions in D.R. Horton, with 90.63% of the stock currently owned by such investors, indicating strong institutional interest.
• D.R. Horton announced a quarterly dividend of $0.40 per share, with an annualized yield of 1.0%, reflecting a dividend payout ratio of 12.83%.

Benjamin Edwards Inc. lifted its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 14.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,215 shares of the construction company's stock after buying an additional 6,720 shares during the quarter. Benjamin Edwards Inc.'s holdings in D.R. Horton were worth $6,892,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank Pictet & Cie Europe AG boosted its stake in shares of D.R. Horton by 1.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock valued at $44,626,000 after purchasing an additional 5,052 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of D.R. Horton by 0.3% in the 4th quarter. Bessemer Group Inc. now owns 46,962 shares of the construction company's stock valued at $6,566,000 after purchasing an additional 142 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of D.R. Horton by 1.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 131,654 shares of the construction company's stock valued at $18,408,000 after purchasing an additional 2,050 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of D.R. Horton by 6.7% in the 4th quarter. Sterling Capital Management LLC now owns 17,340 shares of the construction company's stock valued at $2,424,000 after purchasing an additional 1,096 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in D.R. Horton by 49.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 47,857 shares of the construction company's stock worth $6,699,000 after buying an additional 15,930 shares in the last quarter. Institutional investors own 90.63% of the company's stock.

Insider Transactions at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the sale, the director directly owned 2,193 shares of the company's stock, valued at approximately $280,046.10. This represents a 49.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.54% of the company's stock.

D.R. Horton Trading Up 2.2%

Shares of DHI stock traded up $3.46 on Tuesday, reaching $158.42. The company had a trading volume of 2,855,050 shares, compared to its average volume of 4,718,789. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The stock has a market cap of $47.23 billion, a PE ratio of 12.70, a PEG ratio of 3.29 and a beta of 1.34. The company has a 50-day moving average of $135.66 and a 200-day moving average of $129.79. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating analysts' consensus estimates of $2.90 by $0.46. The company had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. D.R. Horton's revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $4.10 EPS. On average, equities analysts forecast that D.R. Horton, Inc. will post 13.04 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 Thursday, August 14th. Investors of record on Thursday, August 7th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 7th. D.R. Horton's dividend payout ratio is presently 12.83%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on DHI shares. UBS Group upped their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada upped their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 23rd. JMP Securities reduced their price target on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a research report on Monday, April 21st. Keefe, Bruyette & Woods upped their price target on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Finally, The Goldman Sachs Group reduced their price target on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $153.23.

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.