D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 73.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,891 shares of the construction company’s stock after selling 5,217 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in D.R. Horton were worth $287,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oakworth Capital Inc. purchased a new position in shares of D.R. Horton during the fourth quarter worth approximately $38,000. Private Wealth Management Group LLC purchased a new position in D.R. Horton during the 4th quarter worth $42,000. Silver Oak Securities Incorporated acquired a new position in D.R. Horton in the third quarter valued at $43,000. Friedenthal Financial purchased a new stake in shares of D.R. Horton in the fourth quarter valued at about $47,000. Finally, AdvisorNet Financial Inc grew its holdings in shares of D.R. Horton by 81.8% during the fourth quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock worth $55,000 after buying an additional 162 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Down 1.8 %

Shares of NYSE DHI traded down $2.55 during midday trading on Tuesday, reaching $140.71. 490,889 shares of the company’s stock were exchanged, compared to its average volume of 2,454,971. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $165.75. The business’s fifty day moving average price is $146.47 and its two-hundred day moving average price is $148.30. The stock has a market capitalization of $46.34 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 0.71 and a beta of 1.68.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. D.R. Horton’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.73 EPS. Analysts forecast that D.R. Horton, Inc. will post 14.26 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd were issued a $0.30 dividend. The ex-dividend date was Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.85%. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

Insider Activity at D.R. Horton

In related 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 directly owns 1,703 shares in the company, valued at approximately $256,642.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the transaction, the director now owns 1,703 shares in the company, valued at $256,642.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $838,799. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,363 shares of company stock valued at $4,263,541. Corporate insiders own 1.74% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on DHI. Royal Bank of Canada decreased their price objective on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research report on Friday, April 19th. Citigroup lowered their price objective on shares of D.R. Horton from $191.00 to $181.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. BTIG Research cut their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. UBS Group lifted their target price on shares of D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, Wedbush restated an “underperform” rating and issued a $130.00 price objective on shares of D.R. Horton in a research report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $158.31.

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.