Aveo Capital Partners LLC Purchases 3,994 Shares of D.R. Horton, Inc. (NYSE:DHI)

Aveo Capital Partners LLC raised its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 111.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,567 shares of the construction company's stock after purchasing an additional 3,994 shares during the quarter. Aveo Capital Partners LLC's holdings in D.R. Horton were worth $1,058,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DHI. Coastline Trust Co purchased a new stake in shares of D.R. Horton during the 3rd quarter worth $26,000. Golden State Wealth Management LLC purchased a new position in D.R. Horton during the 4th quarter valued at about $30,000. Rakuten Securities Inc. raised its position in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock worth $33,000 after acquiring an additional 117 shares during the last quarter. Rosenberg Matthew Hamilton raised its position in shares of D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after purchasing an additional 165 shares during the last quarter. Finally, Wolff Wiese Magana LLC lifted its position in shares of D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock valued at $40,000 after acquiring an additional 196 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 2.4 %

Shares of NYSE DHI traded down $3.07 during trading hours on Wednesday, hitting $126.74. The stock had a trading volume of 3,880,023 shares, compared to its average volume of 3,634,091. The company has a market capitalization of $39.94 billion, a P/E ratio of 8.96, a P/E/G ratio of 0.55 and a beta of 1.76. The firm's 50-day moving average price is $140.41 and its two-hundred day moving average price is $165.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the company earned $2.82 earnings per share. The business's revenue was down 1.5% compared to the same quarter last year. Analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's dividend payout ratio is 11.31%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Evercore ISI decreased their price objective on D.R. Horton from $218.00 to $204.00 and set an "outperform" rating on the stock in a report on Wednesday, October 30th. Citigroup reduced their price objective on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. BTIG Research reduced their target price on shares of D.R. Horton from $190.00 to $186.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Wells Fargo & Company cut their price objective on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 17th. Finally, Royal Bank of Canada reaffirmed an "underperform" rating and issued a $125.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $170.93.

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.