D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Brookstone Capital Management

Brookstone Capital Management grew its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 118.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,508 shares of the construction company's stock after buying an additional 15,479 shares during the quarter. Brookstone Capital Management's holdings in D.R. Horton were worth $3,624,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DHI. Geode Capital Management LLC grew its holdings in D.R. Horton by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company's stock valued at $1,009,077,000 after purchasing an additional 127,606 shares during the last quarter. Norges Bank purchased a new position in shares of D.R. Horton during the fourth quarter valued at approximately $593,363,000. Franklin Resources Inc. grew its stake in shares of D.R. Horton by 71.5% during the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock valued at $499,774,000 after buying an additional 1,490,648 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of D.R. Horton by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company's stock worth $485,984,000 after buying an additional 72,161 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of D.R. Horton by 15.8% during the 4th quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company's stock worth $471,899,000 after acquiring an additional 460,804 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Barclays decreased their price objective on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. JMP Securities cut their target price on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a research note on Monday, April 21st. Royal Bank Of Canada lowered their target price on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a research note on Monday, April 21st. Finally, The Goldman Sachs Group lowered their target price on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Price Performance

Shares of NYSE DHI traded down $0.89 during midday trading on Monday, hitting $131.01. The stock had a trading volume of 3,086,693 shares, compared to its average volume of 3,129,206. The stock has a 50 day simple moving average of $124.15 and a 200-day simple moving average of $129.32. The company has a quick ratio of 1.15, a current ratio of 7.29 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $40.24 billion, a PE ratio of 9.92, a P/E/G ratio of 4.12 and a beta of 1.38. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). The firm had revenue of $7.73 billion during the quarter, compared to analysts' expectations of $8.07 billion. D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. During the same period in the prior year, the company posted $3.52 EPS. On average, sell-side analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a $0.40 dividend. The ex-dividend date was Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. D.R. Horton's dividend payout ratio is presently 12.11%.

Insider Buying and Selling

In other news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the sale, the director owned 2,193 shares of the company's stock, valued at approximately $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by company insiders.

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.