Azzad Asset Management Inc. ADV Acquires 166 Shares of D.R. Horton, Inc. (NYSE:DHI)

Azzad Asset Management Inc. ADV boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,563 shares of the construction company’s stock after purchasing an additional 166 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in D.R. Horton were worth $1,409,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in D.R. Horton in the 1st quarter worth $27,000. Riverview Trust Co bought a new position in D.R. Horton during the first quarter valued at approximately $30,000. Oakworth Capital Inc. purchased a new position in D.R. Horton during the 4th quarter valued at approximately $38,000. Private Wealth Management Group LLC bought a new stake in D.R. Horton in the 4th quarter worth approximately $42,000. Finally, Silver Oak Securities Incorporated purchased a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $43,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

NYSE DHI traded up $0.95 on Wednesday, hitting $136.16. 649,386 shares of the company’s stock traded hands, compared to its average volume of 2,457,913. The firm’s 50-day moving average price is $144.72 and its two-hundred day moving average price is $148.40. The firm has a market capitalization of $44.84 billion, a PE ratio of 9.28, a P/E/G ratio of 0.70 and a beta of 1.71. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75.

D.R. Horton (NYSE:DHI) last posted 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 during the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.73 earnings per share. As a group, analysts expect that D.R. Horton, Inc. will post 14.26 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Wednesday, May 1st. D.R. Horton’s payout ratio is presently 8.17%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DHI shares. Royal Bank of Canada reduced their target price on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a report on Friday, April 19th. UBS Group boosted their target price on shares of D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Jefferies Financial Group raised their price target on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Barclays decreased their target price on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Finally, Citigroup cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $181.00 to $156.00 in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $156.75.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 363 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the transaction, the director now owns 5,650 shares in the company, valued at $838,799. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael R. Buchanan sold 2,000 shares of the firm’s 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 completion of the sale, the director now directly owns 1,703 shares in the company, valued at $256,642.10. The disclosure for this sale can be found here. Corporate insiders own 1.74% of the company’s stock.

D.R. Horton Company 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.