Retirement Guys Formula LLC Boosts Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Retirement Guys Formula LLC increased its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 42.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,143 shares of the construction company's stock after acquiring an additional 3,647 shares during the quarter. Retirement Guys Formula LLC's holdings in D.R. Horton were worth $1,544,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in DHI. Norges Bank acquired a new stake in shares of D.R. Horton in the fourth quarter worth approximately $593,363,000. Franklin Resources Inc. boosted its stake in 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 grew its holdings in shares of D.R. Horton by 19,102.6% during the first quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock worth $116,544,000 after buying an additional 911,960 shares in the last quarter. Two Sigma Investments LP raised its position in shares of D.R. Horton by 1,838.0% in the fourth quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock valued at $122,712,000 after buying an additional 832,358 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of D.R. Horton in the fourth quarter worth about $98,720,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Trading Down 1.8%

NYSE:DHI traded down $2.29 during trading hours on Wednesday, reaching $127.34. 2,551,009 shares of the stock were exchanged, compared to its average volume of 3,082,387. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. 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 business has a 50-day moving average of $122.86 and a two-hundred day moving average of $130.51. The company has a market capitalization of $39.12 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 4.02 and a beta of 1.37.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). The firm had revenue of $7.73 billion for 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 quarter last year, the business earned $3.52 earnings per share. On average, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were given a $0.40 dividend. The ex-dividend date was Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.26%. D.R. Horton's dividend payout ratio is presently 12.11%.

Insiders Place Their Bets

In other 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 transaction of $274,555.00. Following the completion of the transaction, the director now directly owns 2,193 shares of the company's stock, valued at approximately $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on DHI. Seaport Res Ptn upgraded shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. JMP Securities reduced their price objective on 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. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Barclays cut their target price on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. lowered their price target on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Company 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.