Avestar Capital LLC Purchases 447 Shares of D.R. Horton, Inc. (NYSE:DHI)

Avestar Capital LLC grew its position in D.R. Horton, Inc. (NYSE:DHI) by 37.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,648 shares of the construction company’s stock after acquiring an additional 447 shares during the period. Avestar Capital LLC’s holdings in D.R. Horton were worth $230,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of DHI. Coastline Trust Co acquired a new position in D.R. Horton in the third quarter worth $26,000. Rakuten Securities Inc. lifted its position in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in D.R. Horton during the 4th quarter worth about $30,000. FSA Wealth Management LLC acquired a new stake in D.R. Horton in the 3rd quarter valued at about $47,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of D.R. Horton in the third quarter worth about $50,000. 90.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.54% of the company’s stock.

D.R. Horton Stock Up 1.0 %

Shares of D.R. Horton stock opened at $130.63 on Friday. The company has a market capitalization of $41.16 billion, a P/E ratio of 9.23, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The business has a 50-day moving average of $141.56 and a two-hundred day moving average of $166.11. D.R. Horton, Inc. has a 1 year low of $125.84 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the company posted $2.82 EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of 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. BTIG Research dropped their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. UBS Group decreased their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $160.00 to $150.00 in a report on Monday, January 27th. Finally, Wells Fargo & Company lowered their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $170.93.

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.