D.R. Horton, Inc. (NYSE:DHI) Shares Bought by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. raised its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 50.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,521 shares of the construction company's stock after acquiring an additional 3,851 shares during the period. GHP Investment Advisors Inc.'s holdings in D.R. Horton were worth $1,465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of DHI. Bank Pictet & Cie Europe AG increased its position in D.R. Horton by 1.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock valued at $44,626,000 after acquiring an additional 5,052 shares during the last quarter. Rothschild Investment LLC boosted its stake in shares of D.R. Horton by 3.2% during the fourth quarter. Rothschild Investment LLC now owns 3,206 shares of the construction company's stock valued at $448,000 after purchasing an additional 100 shares during the period. Lake Street Advisors Group LLC boosted its stake in shares of D.R. Horton by 1.1% during the fourth quarter. Lake Street Advisors Group LLC now owns 9,940 shares of the construction company's stock valued at $1,390,000 after purchasing an additional 111 shares during the period. Sitrin Capital Management LLC boosted its stake in shares of D.R. Horton by 0.5% during the fourth quarter. Sitrin Capital Management LLC now owns 32,782 shares of the construction company's stock valued at $4,584,000 after purchasing an additional 173 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of D.R. Horton by 3.3% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 119,400 shares of the construction company's stock valued at $16,695,000 after purchasing an additional 3,800 shares during the period. Institutional investors own 90.63% of the company's stock.

Insider Activity

In other news, Director Michael R. Buchanan sold 2,150 shares of the company's 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 transaction, the director now owns 2,193 shares in the company, valued at $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.54% of the company's stock.

D.R. Horton Stock Up 1.3%

Shares of DHI stock traded up $1.62 during mid-day trading on Friday, hitting $128.77. 4,089,538 shares of the stock traded hands, compared to its average volume of 3,103,270. The stock has a market cap of $39.56 billion, a P/E ratio of 9.75, a P/E/G ratio of 3.97 and a beta of 1.37. The stock's fifty day moving average is $123.17 and its two-hundred day moving average is $130.25. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 7.29 and a quick ratio of 1.15.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate 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 period in the previous year, the company posted $3.52 earnings per share. Equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.24%. D.R. Horton's dividend payout ratio (DPR) is currently 12.11%.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of recent analyst reports. BTIG Research lowered their target price on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. 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 price objective 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 investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently 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.