Steel Grove Capital Advisors LLC Buys Shares of 1,400 D.R. Horton, Inc. (NYSE:DHI)

Steel Grove Capital Advisors LLC acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 1,400 shares of the construction company’s stock, valued at approximately $213,000.

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

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $809,419. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Barbara K. Allen sold 1,748 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the transaction, the director now owns 5,650 shares in the company, valued at approximately $809,419. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,197 shares of company stock valued at $4,225,745. 1.74% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods decreased their price target 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. Seaport Res Ptn cut shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. StockNews.com lowered D.R. Horton from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. UBS Group raised their price target on D.R. Horton from $155.00 to $192.00 in a research note on Monday, January 22nd. Finally, Wedbush reissued a “neutral” rating and set a $115.00 target price on shares of D.R. Horton in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $148.65.

D.R. Horton Stock Performance

Shares of NYSE:DHI traded up $2.71 during trading on Thursday, hitting $164.76. The stock had a trading volume of 875,711 shares, compared to its average volume of 2,546,466. D.R. Horton, Inc. has a 12-month low of $94.22 and a 12-month high of $165.21. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $54.67 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 0.90 and a beta of 1.64. The stock has a 50-day simple moving average of $148.90 and a two-hundred day simple moving average of $133.59.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 23rd. The construction company reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.06). The business had revenue of $7.73 billion during the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.76 EPS. On average, equities research analysts expect that D.R. Horton, Inc. will post 14.17 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Monday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is 8.63%.

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.