Apollon Wealth Management LLC Increases Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Apollon Wealth Management LLC increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 212.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,629 shares of the construction company’s stock after acquiring an additional 10,621 shares during the quarter. Apollon Wealth Management LLC’s holdings in D.R. Horton were worth $2,375,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. UNIVEST FINANCIAL Corp acquired a new position in shares of D.R. Horton during the fourth quarter valued at approximately $247,000. Maryland State Retirement & Pension System lifted its holdings in D.R. Horton by 1.9% in the 4th quarter. Maryland State Retirement & Pension System now owns 24,214 shares of the construction company’s stock valued at $3,680,000 after purchasing an additional 453 shares in the last quarter. Summit Trail Advisors LLC acquired a new stake in D.R. Horton during the 4th quarter worth $233,000. Spire Wealth Management grew its holdings in shares of D.R. Horton by 282.6% during the fourth quarter. Spire Wealth Management now owns 2,778 shares of the construction company’s stock worth $431,000 after buying an additional 2,052 shares in the last quarter. Finally, TCI Wealth Advisors Inc. acquired a new stake in shares of D.R. Horton in the fourth quarter valued at about $217,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Up 0.1 %

DHI stock traded up $0.16 during mid-day trading on Tuesday, reaching $151.42. The company had a trading volume of 2,544,959 shares, compared to its average volume of 2,539,081. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $165.75. The company has a market capitalization of $49.86 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 0.73 and a beta of 1.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The firm has a fifty day simple moving average of $152.20 and a 200 day simple moving average of $142.36.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. During the same quarter in the previous year, the firm earned $2.73 earnings per share. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. Analysts forecast that D.R. Horton, Inc. will post 14.31 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be paid a $0.30 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.79%. D.R. Horton’s dividend payout ratio is presently 8.17%.

Insider Activity

In related news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the transaction, the director now owns 5,650 shares in the company, valued at approximately $844,053.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the sale, the director now owns 1,703 shares of the company’s stock, valued at $256,642.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Barbara K. Allen sold 449 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,812 shares of company stock valued at $4,330,617. Insiders own 1.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group upped their price target on D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Raymond James boosted their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. The Goldman Sachs Group raised their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Keefe, Bruyette & Woods increased their price target on shares of D.R. Horton from $172.00 to $178.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Wedbush reissued an “underperform” rating and set a $130.00 target price on shares of D.R. Horton in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.41.

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.