McElhenny Sheffield Capital Management LLC Acquires Shares of 3,775 D.R. Horton, Inc. (NYSE:DHI)

McElhenny Sheffield Capital Management LLC purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 3,775 shares of the construction company's stock, valued at approximately $528,000.

A number of other institutional investors have also added to or reduced their stakes in DHI. Coastline Trust Co bought a new position in D.R. Horton in the third quarter valued at about $26,000. Rakuten Securities Inc. increased its stake in shares of D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock valued at $33,000 after buying an additional 117 shares during the period. Rosenberg Matthew Hamilton raised its holdings in D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock valued at $38,000 after buying an additional 165 shares during the last quarter. Wolff Wiese Magana LLC boosted its position in D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock worth $40,000 after buying an additional 196 shares during the period. Finally, Grove Bank & Trust lifted its holdings in shares of D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company's stock worth $41,000 after purchasing an additional 93 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DHI has been the subject of several analyst reports. UBS Group lowered their target price on D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. StockNews.com raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Friday. BTIG Research decreased their target price on shares of D.R. Horton from $190.00 to $186.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Evercore ISI dropped their price target on shares of D.R. Horton from $218.00 to $204.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company decreased their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an "overweight" rating for the company in a research report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $176.20.

Insider Transactions at D.R. Horton

In related 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by insiders.

D.R. Horton Stock Up 0.8 %

D.R. Horton stock traded up $1.23 during midday trading on Friday, 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 fifty day moving average price of $151.85 and a two-hundred day moving average price of $169.02. D.R. Horton, Inc. has a 12 month low of $133.02 and a 12 month high of $199.85. 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.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the firm earned $4.45 EPS. The company's revenue was down 4.7% compared to the same quarter last year. As a group, equities 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 disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.08%. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. D.R. Horton's dividend payout ratio (DPR) is 11.14%.

D.R. Horton 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.