Transcend Capital Advisors LLC Has $2.21 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

Transcend Capital Advisors LLC grew its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 353.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,347 shares of the construction company's stock after buying an additional 13,522 shares during the quarter. Transcend Capital Advisors LLC's holdings in D.R. Horton were worth $2,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Nemes Rush Group LLC lifted its stake in D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after acquiring an additional 82 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of D.R. Horton during the 4th quarter valued at $38,000. Itau Unibanco Holding S.A. bought a new position in shares of D.R. Horton during the 4th quarter valued at $43,000. Oarsman Capital Inc. lifted its stake in shares of D.R. Horton by 146.7% in the 4th quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock valued at $46,000 after purchasing an additional 198 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in D.R. Horton in the fourth quarter worth $54,000. Institutional investors own 90.63% of the company's stock.

Insider Buying and Selling at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton 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 sale, the director now owns 2,193 shares of the company's stock, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.54% of the company's stock.

D.R. Horton Stock Up 1.3%

Shares of DHI stock opened at $128.77 on Friday. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 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 firm has a market cap of $39.56 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 3.97 and a beta of 1.37. The stock has a 50 day moving average of $123.32 and a 200-day moving average of $130.06.

D.R. Horton (NYSE:DHI - Get Free Report) last released its 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). D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. The company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same quarter in the previous year, the company 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 company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.24%. D.R. Horton's dividend payout ratio is 12.11%.

Wall Street Analyst Weigh In

Several equities analysts have commented on DHI shares. JPMorgan Chase & Co. lowered their target price 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. Barclays decreased their price target 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. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. The Goldman Sachs Group reduced their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $151.15.

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.

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