D.A. Davidson & CO. Has $10.14 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

D.A. Davidson & CO. grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 6.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,730 shares of the construction company's stock after purchasing an additional 5,066 shares during the quarter. D.A. Davidson & CO.'s holdings in D.R. Horton were worth $10,136,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DHI. Norges Bank acquired a new position in D.R. Horton during the fourth quarter worth $593,363,000. Allspring Global Investments Holdings LLC increased its stake in shares of D.R. Horton by 652.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock worth $252,477,000 after purchasing an additional 1,718,094 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of D.R. Horton by 71.5% during the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock worth $499,774,000 after purchasing an additional 1,490,648 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of D.R. Horton by 19,102.6% in the 1st quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock valued at $116,544,000 after purchasing an additional 911,960 shares during the period. Finally, Two Sigma Investments LP grew its holdings in D.R. Horton by 1,838.0% during the fourth quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock worth $122,712,000 after purchasing an additional 832,358 shares during the period. Institutional investors own 90.63% of the company's stock.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $132.08 on Friday. 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 stock has a market capitalization of $40.57 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 4.24 and a beta of 1.38. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The company has a 50-day simple moving average of $124.00 and a two-hundred day simple moving average of $129.57.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). The business had revenue of $7.73 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $3.52 earnings per share. Analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is currently 12.11%.

Insider Activity at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the transaction, the director owned 2,193 shares of the company's stock, valued at $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DHI. Royal Bank Of Canada dropped their price objective on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a research note on Monday, April 21st. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Wells Fargo & Company reduced their price objective on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Barclays reduced their target price 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, D.R. Horton has an average rating of "Hold" and an average price target of $151.15.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.