Silver Oak Securities Incorporated Raises Holdings in D.R. Horton, Inc. (NYSE:DHI)

Silver Oak Securities Incorporated boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 1,261.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,445 shares of the construction company’s stock after purchasing an additional 5,045 shares during the quarter. Silver Oak Securities Incorporated’s holdings in D.R. Horton were worth $828,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legal Advantage Investments Inc. grew its holdings in shares of D.R. Horton by 2.5% during the fourth quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock worth $467,000 after buying an additional 75 shares in the last quarter. Wealthsource Partners LLC boosted its position in D.R. Horton by 2.7% during the fourth quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock worth $445,000 after acquiring an additional 78 shares during the last quarter. SRS Capital Advisors Inc. boosted its position in D.R. Horton by 2.2% during the third quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock worth $391,000 after acquiring an additional 79 shares during the last quarter. FineMark National Bank & Trust grew its stake in D.R. Horton by 2.0% during the 3rd quarter. FineMark National Bank & Trust now owns 4,035 shares of the construction company’s stock valued at $434,000 after acquiring an additional 80 shares in the last quarter. Finally, Tiemann Investment Advisors LLC raised its holdings in D.R. Horton by 1.6% in the 3rd quarter. Tiemann Investment Advisors LLC now owns 5,447 shares of the construction company’s stock valued at $585,000 after acquiring an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $145.98 on Tuesday. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $165.75. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The company has a market cap of $48.07 billion, a P/E ratio of 9.94, a PEG ratio of 0.72 and a beta of 1.64. The firm has a fifty day moving average price of $152.09 and a 200 day moving average price of $140.86.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. During the same period in the prior year, the firm posted $2.73 earnings per share. The firm’s revenue was up 14.2% on a year-over-year basis. Sell-side analysts predict that D.R. Horton, Inc. will post 14.31 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.82%. D.R. Horton’s dividend payout ratio is presently 8.17%.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 363 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at $838,799. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Barbara K. Allen sold 363 shares of D.R. Horton stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at approximately $838,799. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,812 shares of company stock worth $4,029,217. Insiders own 1.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DHI shares. UBS Group lifted their price target on D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Keefe, Bruyette & Woods cut their target price on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a research note on Wednesday, January 24th. Citigroup increased their price target on D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Barclays reduced their price objective on shares of D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Finally, Bank of America lowered their target price on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a research note on Friday, April 19th. 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $158.06.

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.