D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Legal Advantage Investments Inc.

Legal Advantage Investments Inc. raised its position in D.R. Horton, Inc. (NYSE:DHI) by 58.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,450 shares of the construction company’s stock after purchasing an additional 2,375 shares during the period. Legal Advantage Investments Inc.’s holdings in D.R. Horton were worth $902,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DHI. Brighton Jones LLC grew its holdings in D.R. Horton by 5.2% in the second quarter. Brighton Jones LLC now owns 2,227 shares of the construction company’s stock valued at $314,000 after purchasing an additional 111 shares during the last quarter. AE Wealth Management LLC increased its position in D.R. Horton by 42.1% during the 2nd quarter. AE Wealth Management LLC now owns 5,274 shares of the construction company’s stock worth $743,000 after purchasing an additional 1,563 shares in the last quarter. Pacer Advisors Inc. increased its position in D.R. Horton by 11.2% during the 2nd quarter. Pacer Advisors Inc. now owns 44,062 shares of the construction company’s stock worth $6,210,000 after purchasing an additional 4,423 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in D.R. Horton by 308.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 14,862 shares of the construction company’s stock worth $2,095,000 after purchasing an additional 11,226 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in D.R. Horton by 6.3% during the 2nd quarter. ProShare Advisors LLC now owns 47,153 shares of the construction company’s stock worth $6,645,000 after purchasing an additional 2,806 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Stock Performance

D.R. Horton stock opened at $147.83 on Tuesday. The stock’s 50 day moving average price is $151.85 and its 200 day moving average price is $169.02. The firm has a market capitalization of $47.43 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. D.R. Horton, Inc. has a one year low of $133.02 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results 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 return on equity of 19.24% and a net margin of 12.93%. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period last year, the firm posted $4.45 earnings per share. The business’s revenue was down 4.7% on a year-over-year basis. As a group, sell-side 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 announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were given 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 of this dividend was Tuesday, November 12th. D.R. Horton’s dividend payout ratio is presently 11.14%.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of recent research reports. Evercore ISI dropped their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Barclays dropped their price objective on D.R. Horton from $170.00 to $150.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $188.00 to $156.00 in a report on Friday, December 13th. Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group lowered their price target on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $176.20.

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.