Beacon Pointe Advisors LLC Sells 302 Shares of D.R. Horton, Inc. (NYSE:DHI)

Beacon Pointe Advisors LLC lessened its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,979 shares of the construction company’s stock after selling 302 shares during the period. Beacon Pointe Advisors LLC’s holdings in D.R. Horton were worth $605,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DHI. SteelPeak Wealth LLC acquired a new stake in shares of D.R. Horton during the third quarter worth $218,000. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in D.R. Horton in the 3rd quarter valued at about $262,000. US Bancorp DE grew its position in shares of D.R. Horton by 6.2% during the 3rd quarter. US Bancorp DE now owns 131,626 shares of the construction company’s stock worth $14,146,000 after purchasing an additional 7,650 shares in the last quarter. Syon Capital LLC bought a new position in shares of D.R. Horton during the third quarter worth approximately $400,000. Finally, Capula Management Ltd acquired a new stake in shares of D.R. Horton in the third quarter valued at approximately $451,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DHI shares. Jefferies Financial Group lifted their price objective on D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a report on Friday, April 19th. Citigroup dropped their price target on D.R. Horton from $191.00 to $181.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Raymond James increased their price objective on shares of D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. 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 report on Friday, April 19th. Finally, Keefe, Bruyette & Woods increased their price target on shares of D.R. Horton from $172.00 to $178.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, D.R. Horton presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.82.

Insiders Place Their Bets

In other news, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction 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 sale, the director now directly owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Michael R. Buchanan sold 2,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the transaction, the director now directly owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,812 shares of company stock worth $4,330,617. 1.74% of the stock is currently owned by insiders.

D.R. Horton Trading Down 1.2 %

Shares of NYSE DHI opened at $142.82 on Friday. The firm has a 50 day moving average price of $151.58 and a two-hundred day moving average price of $145.82. The stock has a market cap of $47.03 billion, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 0.74 and a beta of 1.66. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $165.75. 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 (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. During the same period in the prior year, the business posted $2.73 earnings per share. D.R. Horton’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, equities 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 announced a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Wednesday, May 1st. D.R. Horton’s dividend payout ratio is presently 8.17%.

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.