Oakworth Capital Inc. Acquires Shares of 250 D.R. Horton, Inc. (NYSE:DHI)

Oakworth Capital Inc. acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the fourth quarter, Holdings Channel reports. The firm acquired 250 shares of the construction company’s stock, valued at approximately $38,000.

A number of other institutional investors also recently added to or reduced their stakes in DHI. Clear Street Markets LLC bought a new position in shares of D.R. Horton in the fourth quarter worth about $28,000. Fairfield Bush & CO. acquired a new stake in shares of D.R. Horton during the 1st quarter worth approximately $28,000. Mascoma Wealth Management LLC grew its position in shares of D.R. Horton by 345.6% during the 3rd quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock worth $33,000 after buying an additional 235 shares during the period. BluePath Capital Management LLC bought a new stake in shares of D.R. Horton in the 3rd quarter valued at about $33,000. Finally, First Pacific Financial acquired a new stake in shares of D.R. Horton in the 3rd quarter valued at approximately $41,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the sale, the insider now owns 773,121 shares in the company, valued at $120,862,005.93. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of 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. Insiders sold a total of 27,197 shares of company stock worth $4,225,745 in the last quarter. 1.74% of the stock is owned by insiders.

D.R. Horton Stock Up 5.3 %

Shares of NYSE:DHI opened at $153.49 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $165.75. The company has a market capitalization of $50.93 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64. The company has a fifty day moving average of $151.94 and a 200-day moving average of $138.37.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.43. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.73 earnings per share. On average, equities analysts predict that D.R. Horton, Inc. will post 14.24 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.78%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.63%.

Analyst Ratings Changes

DHI has been the topic of a number of analyst reports. Wedbush downgraded shares of D.R. Horton from a “neutral” rating to an “underperform” rating and set a $130.00 price target on the stock. in a research report on Tuesday, April 2nd. Citigroup raised their price target on shares of D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. JMP Securities increased their price objective on D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a report on Wednesday, January 24th. BTIG Research cut their price objective on D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a report on Tuesday. Finally, The Goldman Sachs Group increased their price objective on D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.00.

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.