First Horizon Advisors Inc. Has $334,000 Holdings in D.R. Horton, Inc. (NYSE:DHI)

First Horizon Advisors Inc. lessened its stake in D.R. Horton, Inc. (NYSE:DHI) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,199 shares of the construction company’s stock after selling 109 shares during the quarter. First Horizon Advisors Inc.’s holdings in D.R. Horton were worth $334,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Legal Advantage Investments Inc. raised its stake in D.R. Horton by 2.5% during the fourth quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock worth $467,000 after acquiring an additional 75 shares in the last quarter. Wealthsource Partners LLC raised its stake in D.R. Horton by 2.7% during the fourth quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock worth $445,000 after acquiring an additional 78 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in D.R. Horton by 2.2% during the third quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock worth $391,000 after acquiring an additional 79 shares in the last quarter. FineMark National Bank & Trust raised its stake in D.R. Horton by 2.0% during the third quarter. FineMark National Bank & Trust now owns 4,035 shares of the construction company’s stock worth $434,000 after acquiring an additional 80 shares in the last quarter. Finally, Tiemann Investment Advisors LLC increased its stake in shares of D.R. Horton by 1.6% in the third quarter. Tiemann Investment Advisors LLC now owns 5,447 shares of the construction company’s stock valued at $585,000 after buying an additional 85 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Citigroup upped their price objective on D.R. Horton from $166.00 to $191.00 and gave the company a “buy” rating in a research note on Friday, April 5th. UBS Group upped their price objective on D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Bank of America lowered their price objective on D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a research note on Friday, April 19th. BTIG Research reduced their target price on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Finally, Royal Bank of Canada reduced their target price on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.06.

D.R. Horton Price Performance

Shares of DHI opened at $148.48 on Monday. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $165.75. The business’s fifty day moving average is $152.09 and its 200 day moving average is $142.01. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. The stock has a market cap of $48.90 billion, a P/E ratio of 10.11, a P/E/G ratio of 0.73 and a beta of 1.66.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. D.R. Horton’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the business earned $2.73 EPS. Sell-side analysts anticipate that D.R. Horton, Inc. will post 14.31 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s dividend payout ratio is presently 8.17%.

Insider Activity

In other news, Director Barbara K. Allen sold 449 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the transaction, the director now owns 5,650 shares in the company, valued at approximately $844,053.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $838,799. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction dated 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 directly owns 5,650 shares in the company, valued at $844,053.50. The disclosure for this sale can be found here. Insiders sold a total of 25,812 shares of company stock valued at $4,029,217 in the last ninety days. 1.74% of the stock is currently owned by insiders.

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.