Client 1ST Advisory Group LLC Buys New Holdings in D.R. Horton, Inc. (NYSE:DHI)

Client 1ST Advisory Group LLC acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,822 shares of the construction company's stock, valued at approximately $395,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. TCI Wealth Advisors Inc. grew its holdings in D.R. Horton by 4.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company's stock valued at $284,000 after purchasing an additional 58 shares during the last quarter. Covestor Ltd grew its stake in shares of D.R. Horton by 6.6% during the third quarter. Covestor Ltd now owns 1,064 shares of the construction company's stock valued at $203,000 after buying an additional 66 shares during the last quarter. Insigneo Advisory Services LLC raised its holdings in shares of D.R. Horton by 1.9% in the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company's stock worth $695,000 after buying an additional 67 shares during the period. Azzad Asset Management Inc. ADV lifted its stake in shares of D.R. Horton by 0.8% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company's stock worth $1,649,000 after acquiring an additional 72 shares during the last quarter. Finally, Demars Financial Group LLC boosted its holdings in D.R. Horton by 3.5% during the 3rd quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company's stock valued at $419,000 after acquiring an additional 74 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.54% of the company's stock.

D.R. Horton Stock Up 0.8 %

Shares of NYSE:DHI traded up $1.23 during trading on Monday, reaching $147.83. The stock had a trading volume of 3,860,157 shares, compared to its average volume of 2,746,466. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $47.43 billion, a P/E ratio of 10.29, a PEG ratio of 0.51 and a beta of 1.75. The firm's 50-day simple moving average is $151.85 and its 200 day simple moving average is $169.02. D.R. Horton, Inc. has a one year low of $133.02 and a one year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.22 billion. During the same period in the prior year, the firm posted $4.45 earnings per share. D.R. Horton's revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, research analysts expect that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a $0.40 dividend. The ex-dividend date was Tuesday, November 12th. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a yield of 1.08%. D.R. Horton's dividend payout ratio (DPR) is 11.14%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DHI. Citigroup decreased their target price on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. UBS Group decreased their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Barclays dropped their target price on shares of D.R. Horton from $170.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a "neutral" rating to an "underweight" rating and decreased their price target for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Finally, Raymond James cut D.R. Horton from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $176.20.

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.