WBI Investments LLC Invests $1.09 Million in D.R. Horton, Inc. $DHI

WBI Investments LLC purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,412 shares of the construction company’s stock, valued at approximately $1,087,000.

Several other large investors have also recently modified their holdings of DHI. Concord Wealth Partners purchased a new stake in D.R. Horton during the 3rd quarter valued at about $25,000. Canton Hathaway LLC bought a new stake in D.R. Horton during the 3rd quarter valued at about $26,000. Steigerwald Gordon & Koch Inc. purchased a new position in D.R. Horton in the third quarter worth about $27,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of D.R. Horton in the second quarter worth approximately $29,000. Finally, Ameriflex Group Inc. bought a new position in shares of D.R. Horton in the third quarter worth approximately $31,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the subject of several analyst reports. Bank of America set a $158.00 price target on shares of D.R. Horton in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods reaffirmed a “reduce” rating on shares of D.R. Horton in a research report on Tuesday, January 27th. The Goldman Sachs Group reiterated a “buy” rating and set a $195.00 target price on shares of D.R. Horton in a research note on Tuesday, January 13th. Wells Fargo & Company restated an “equal weight” rating and issued a $155.00 price target (down from $180.00) on shares of D.R. Horton in a research note on Tuesday, January 6th. Finally, UBS Group reaffirmed a “buy” rating on shares of D.R. Horton in a report on Thursday, March 12th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $159.93.

D.R. Horton Stock Performance

Shares of DHI stock opened at $142.22 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average price of $154.78 and a 200-day moving average price of $156.00. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $184.54. The firm has a market capitalization of $41.20 billion, a PE ratio of 12.92, a P/E/G ratio of 2.20 and a beta of 1.43.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the prior year, the firm earned $2.61 earnings per share. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, equities research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s dividend payout ratio is presently 16.35%.

Insider Buying and Selling at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the transaction, the senior vice president directly owned 6,457 shares in the company, valued at $1,081,870.35. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.66% of the stock is owned by insiders.

D.R. Horton Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.