Insight Wealth Strategies LLC Buys Shares of 11,367 D.R. Horton, Inc. (NYSE:DHI)

Insight Wealth Strategies LLC bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,367 shares of the construction company’s stock, valued at approximately $1,013,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Glassman Wealth Services raised its holdings in shares of D.R. Horton by 41.8% during the first quarter. Glassman Wealth Services now owns 363 shares of the construction company’s stock valued at $32,000 after acquiring an additional 107 shares during the last quarter. OneAscent Financial Services LLC raised its holdings in shares of D.R. Horton by 1.7% during the first quarter. OneAscent Financial Services LLC now owns 6,529 shares of the construction company’s stock valued at $582,000 after acquiring an additional 111 shares during the last quarter. Diversified Trust Co raised its holdings in shares of D.R. Horton by 4.2% during the first quarter. Diversified Trust Co now owns 3,166 shares of the construction company’s stock valued at $282,000 after acquiring an additional 128 shares during the last quarter. Cresset Asset Management LLC raised its holdings in shares of D.R. Horton by 2.8% during the fourth quarter. Cresset Asset Management LLC now owns 5,058 shares of the construction company’s stock valued at $349,000 after acquiring an additional 136 shares during the last quarter. Finally, Unison Advisors LLC raised its holdings in shares of D.R. Horton by 0.3% during the first quarter. Unison Advisors LLC now owns 46,792 shares of the construction company’s stock valued at $4,170,000 after acquiring an additional 138 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

In related news, Director Bradley S. Anderson sold 5,000 shares of D.R. Horton stock in a transaction on Tuesday, April 27th. The stock was sold at an average price of $101.56, for a total value of $507,800.00. Following the completion of the transaction, the director now directly owns 44,159 shares in the company, valued at $4,484,788.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Aron M. Odom sold 3,000 shares of D.R. Horton stock in a transaction on Friday, May 7th. The shares were sold at an average price of $102.50, for a total value of $307,500.00. Following the completion of the transaction, the vice president now owns 2,917 shares of the company’s stock, valued at $298,992.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,449 shares of company stock valued at $1,527,842. 0.46% of the stock is currently owned by company insiders.

DHI opened at $89.14 on Friday. D.R. Horton, Inc. has a 52 week low of $50.93 and a 52 week high of $106.89. The stock’s fifty day moving average price is $95.15. The stock has a market capitalization of $32.13 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 0.98 and a beta of 1.65. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.20 and a current ratio of 5.54.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 22nd. The construction company reported $2.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.18 by $0.35. The firm had revenue of $6.45 billion during the quarter, compared to analyst estimates of $6.14 billion. D.R. Horton had a return on equity of 25.71% and a net margin of 13.16%. D.R. Horton’s revenue was up 43.3% compared to the same quarter last year. During the same period last year, the business posted $1.30 earnings per share. Research analysts expect that D.R. Horton, Inc. will post 10.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 20th. Investors of record on Monday, May 10th were issued a $0.20 dividend. The ex-dividend date was Friday, May 7th. This represents a $0.80 dividend on an annualized basis and a yield of 0.90%. D.R. Horton’s dividend payout ratio (DPR) is presently 12.99%.

DHI has been the subject of a number of research analyst reports. Wolfe Research initiated coverage on D.R. Horton in a report on Tuesday, March 16th. They set an “outperform” rating and a $94.00 target price for the company. KeyCorp increased their price target on D.R. Horton from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, March 31st. Raymond James reaffirmed an “outperform” rating and issued a $110.00 price target (up previously from $91.00) on shares of D.R. Horton in a report on Thursday, April 29th. Royal Bank of Canada increased their price target on D.R. Horton from $87.00 to $104.00 and gave the company an “outperform” rating in a report on Friday, April 23rd. Finally, JPMorgan Chase & Co. raised D.R. Horton from a “neutral” rating to an “overweight” rating in a report on Wednesday, March 17th. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $93.62.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 29 states and 88 markets under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, and Freedom Homes.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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