SeaCrest Wealth Management LLC Invests $30,000 in D.R. Horton, Inc. (NYSE:DHI)

SeaCrest Wealth Management LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHIGet Rating) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 458 shares of the construction company’s stock, valued at approximately $30,000.

Several other institutional investors and hedge funds have also made changes to their positions in DHI. Capital World Investors boosted its holdings in shares of D.R. Horton by 176.2% during the 1st quarter. Capital World Investors now owns 17,819,619 shares of the construction company’s stock worth $1,327,740,000 after purchasing an additional 11,369,033 shares during the last quarter. Greenhaven Associates Inc. lifted its holdings in D.R. Horton by 421.5% in the second quarter. Greenhaven Associates Inc. now owns 3,803,532 shares of the construction company’s stock valued at $251,756,000 after acquiring an additional 3,074,147 shares during the last quarter. Parnassus Investments LLC acquired a new position in D.R. Horton in the first quarter valued at approximately $162,667,000. Principal Financial Group Inc. lifted its holdings in D.R. Horton by 37.7% in the first quarter. Principal Financial Group Inc. now owns 3,680,086 shares of the construction company’s stock valued at $274,203,000 after acquiring an additional 1,006,745 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in D.R. Horton by 17.0% in the first quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock valued at $355,538,000 after acquiring an additional 694,155 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Up 2.5 %

D.R. Horton stock opened at $82.66 on Wednesday. The firm has a market capitalization of $28.72 billion, a P/E ratio of 5.00, a P/E/G ratio of 0.86 and a beta of 1.54. The stock’s fifty day simple moving average is $73.97 and its 200-day simple moving average is $72.66. The company has a current ratio of 2.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.32. D.R. Horton, Inc. has a twelve month low of $59.25 and a twelve month high of $110.45.

D.R. Horton (NYSE:DHIGet Rating) last posted its earnings results on Wednesday, November 9th. The construction company reported $4.67 EPS for the quarter, missing the consensus estimate of $5.09 by ($0.42). The business had revenue of $9.64 billion during the quarter, compared to analysts’ expectations of $9.97 billion. D.R. Horton had a net margin of 17.50% and a return on equity of 32.84%. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the company earned $3.70 EPS. As a group, equities analysts expect that D.R. Horton, Inc. will post 10.49 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Friday, December 2nd will be paid a dividend of $0.25 per share. This is an increase from D.R. Horton’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, December 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. D.R. Horton’s dividend payout ratio is 5.44%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on D.R. Horton from $81.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday. Citigroup upped their price objective on D.R. Horton to $91.00 in a report on Tuesday, November 15th. StockNews.com began coverage on D.R. Horton in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. KeyCorp boosted their target price on D.R. Horton from $84.00 to $97.00 and gave the company an “overweight” rating in a research report on Monday, November 14th. Finally, Royal Bank of Canada cut their target price on D.R. Horton from $70.00 to $68.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 10th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, D.R. Horton has a consensus rating of “Moderate Buy” and an average target price of $88.08.

Insider Transactions at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,167 shares of the stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $71.50, for a total transaction of $154,940.50. Following the completion of the sale, the director now owns 3,378 shares in the company, valued at $241,527. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Aron M. Odom sold 1,300 shares of the firm’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $83.64, for a total value of $108,732.00. Following the completion of the sale, the vice president now owns 1,724 shares in the company, valued at $144,195.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael R. Buchanan sold 2,167 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $71.50, for a total transaction of $154,940.50. Following the completion of the sale, the director now owns 3,378 shares of the company’s stock, valued at approximately $241,527. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

D.R. Horton Company Profile

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D.R. Horton, Inc engages in the construction and sale of single-family housing. It operates through the following segments: Homebuilding, Forestar, Financial Services, and Rental. The Homebuilding segment includes the acquisition and development of land and the construction and sale of residential homes.

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

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