Friedenthal Financial Buys Shares of 311 D.R. Horton, Inc. (NYSE:DHI)

Friedenthal Financial bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 311 shares of the construction company’s stock, valued at approximately $47,000.

Other large investors also recently added to or reduced their stakes in the company. Clear Street Markets LLC purchased a new position in shares of D.R. Horton during the 4th quarter valued at $28,000. Fairfield Bush & CO. purchased a new position in shares of D.R. Horton during the 1st quarter valued at $28,000. Mascoma Wealth Management LLC grew its holdings 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 valued at $33,000 after acquiring an additional 235 shares in the last quarter. BluePath Capital Management LLC purchased a new position in shares of D.R. Horton during the 3rd quarter valued at $33,000. Finally, First Pacific Financial purchased a new position in shares of D.R. Horton during the 3rd quarter valued at $41,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

DHI opened at $151.71 on Friday. The firm has a market capitalization of $50.34 billion, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 0.75 and a beta of 1.64. The stock’s 50 day moving average price is $151.78 and its two-hundred day moving average price is $137.34. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22. D.R. Horton, Inc. has a 12-month low of $97.32 and a 12-month high of $165.75.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 23rd. The construction company reported $2.82 earnings per share (EPS) 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 net margin of 13.18% and a return on equity of 21.06%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned $2.76 EPS. On average, equities analysts forecast that D.R. Horton, Inc. will post 14.24 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were given a $0.30 dividend. The ex-dividend date was Monday, February 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.79%. D.R. Horton’s dividend payout ratio is currently 8.63%.

Analysts Set New Price Targets

Several equities analysts have recently commented on DHI shares. Raymond James boosted their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Keefe, Bruyette & Woods decreased their price objective on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. Barclays upped their price objective on shares of D.R. Horton from $166.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Citigroup upped their price objective on shares of D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, UBS Group upped their price objective on shares of D.R. Horton from $155.00 to $192.00 in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $153.71.

Insiders Place Their Bets

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

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.