Raymond James Financial Services Advisors Inc. Raises Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Raymond James Financial Services Advisors Inc. raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,217 shares of the construction company's stock after purchasing an additional 5,814 shares during the quarter. Raymond James Financial Services Advisors Inc.'s holdings in D.R. Horton were worth $19,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Rise Advisors LLC bought a new stake in D.R. Horton during the first quarter valued at approximately $27,000. Riverview Trust Co bought a new stake in shares of D.R. Horton in the 1st quarter worth approximately $30,000. BluePath Capital Management LLC bought a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $33,000. Oakworth Capital Inc. bought a new stake in shares of D.R. Horton in the 4th quarter worth approximately $38,000. Finally, Private Wealth Management Group LLC bought a new stake in shares of D.R. Horton in the 4th quarter worth approximately $42,000. 90.63% of the stock is currently owned by institutional investors.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 449 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the transaction, the director now owns 5,650 shares in the company, valued at approximately $844,053.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Barbara K. Allen sold 449 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the sale, the director now directly owns 5,650 shares of the company's stock, valued at approximately $844,053.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barbara K. Allen sold 363 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the sale, the director now directly owns 5,650 shares of the company's stock, valued at $838,799. The disclosure for this sale can be found here. Insiders have sold 25,812 shares of company stock worth $4,029,217 in the last quarter. Company insiders own 1.74% of the company's stock.

D.R. Horton Stock Up 2.1 %

DHI stock traded up $2.98 during trading on Thursday, hitting $145.46. 1,779,462 shares of the stock traded hands, compared to its average volume of 2,543,669. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $165.75. The firm's 50 day moving average is $152.04 and its two-hundred day moving average is $141.17. The stock has a market cap of $47.90 billion, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of 0.71 and a beta of 1.66. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.44. The business had revenue of $9.11 billion for the quarter, compared to analysts' expectations of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.73 EPS. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 14.31 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton's dividend payout ratio (DPR) is presently 8.17%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DHI shares. Royal Bank of Canada lowered their price objective on shares of D.R. Horton from $142.00 to $141.00 and set an "underperform" rating for the company in a report on Friday, April 19th. Seaport Res Ptn lowered shares of D.R. Horton from a "buy" rating to a "neutral" rating in a report on Monday, January 22nd. Keefe, Bruyette & Woods lowered their price target on shares of D.R. Horton from $175.00 to $172.00 and set an "outperform" rating for the company in a report on Wednesday, January 24th. Citigroup upped their price target on shares of D.R. Horton from $166.00 to $191.00 and gave the company a "buy" rating in a report on Friday, April 5th. Finally, Jefferies Financial Group upped their price target on shares of D.R. Horton from $141.00 to $153.00 and gave the company a "hold" rating in a report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $158.06.

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.

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