Flagship Harbor Advisors LLC Increases Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Flagship Harbor Advisors LLC raised its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 15.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,484 shares of the construction company’s stock after purchasing an additional 326 shares during the period. Flagship Harbor Advisors LLC’s holdings in D.R. Horton were worth $316,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Nemes Rush Group LLC grew its stake in shares of D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after acquiring an additional 82 shares during the period. Azzad Asset Management Inc. ADV boosted its holdings in D.R. Horton by 1.0% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company’s stock worth $1,221,000 after purchasing an additional 89 shares during the last quarter. Horizon Investments LLC boosted its holdings in D.R. Horton by 1.7% in the fourth quarter. Horizon Investments LLC now owns 5,503 shares of the construction company’s stock worth $767,000 after purchasing an additional 91 shares during the last quarter. Blair William & Co. IL grew its position in D.R. Horton by 0.3% in the 4th quarter. Blair William & Co. IL now owns 36,782 shares of the construction company’s stock worth $5,143,000 after purchasing an additional 95 shares during the period. Finally, Aptus Capital Advisors LLC raised its stake in D.R. Horton by 3.2% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company’s stock valued at $446,000 after buying an additional 98 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Trading Down 1.8%

Shares of NYSE:DHI opened at $127.34 on Thursday. The stock has a 50 day moving average of $123.05 and a 200 day moving average of $130.49. The company has a market cap of $39.12 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 4.05 and a beta of 1.37. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85. The company has a current ratio of 7.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). The firm had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. During the same quarter in the previous year, the company earned $3.52 earnings per share. As a group, equities research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, May 2nd. D.R. Horton’s dividend payout ratio is currently 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 value of $274,555.00. Following the transaction, the director now directly owns 2,193 shares in the company, valued at $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DHI has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on D.R. Horton from $132.00 to $111.00 and set an “underweight” rating on the stock in a research note on Monday, April 21st. The Goldman Sachs Group dropped their target price on D.R. Horton from $173.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. BTIG Research reduced their price target on shares of D.R. Horton from $171.00 to $150.00 and set a “buy” rating for the company in a research report 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 upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company cut their target price on shares of D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.