Claro Advisors LLC Boosts Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Claro Advisors LLC boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 25.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,873 shares of the construction company’s stock after acquiring an additional 589 shares during the quarter. Claro Advisors LLC’s holdings in D.R. Horton were worth $473,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Legal Advantage Investments Inc. grew its holdings in shares of D.R. Horton by 2.5% in the fourth 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 in the last quarter. First Hawaiian Bank increased its position in shares of D.R. Horton by 0.5% during the first quarter. First Hawaiian Bank now owns 16,035 shares of the construction company’s stock worth $2,639,000 after acquiring an additional 75 shares during the period. Wealthsource Partners LLC increased its position in shares of 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 period. FineMark National Bank & Trust raised its stake in shares of D.R. Horton by 2.0% in the third 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, Legacy Capital Group California Inc. grew its stake in D.R. Horton by 2.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 3,957 shares of the construction company’s stock worth $601,000 after purchasing an additional 92 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Price Performance

Shares of NYSE:DHI traded down $3.89 on Monday, reaching $137.04. 2,477,904 shares of the company were exchanged, compared to its average volume of 2,462,240. The company has a 50-day moving average of $145.10 and a 200-day moving average of $148.62. 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 firm has a market cap of $45.13 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 0.70 and a beta of 1.71. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75.

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, topping the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. During the same quarter in the previous year, the company earned $2.73 EPS. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Equities analysts forecast that D.R. Horton, Inc. will post 14.26 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.88%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Insider Activity

In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the completion of the sale, the director now directly owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the transaction, the director now owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Barbara K. Allen sold 363 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the transaction, 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. Company insiders own 1.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Jefferies Financial Group lifted their price objective on D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Barclays dropped 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 research report on Friday, April 19th. Citigroup decreased their price objective on shares of D.R. Horton from $191.00 to $181.00 and set a “buy” rating for the company in a research report on Friday, May 17th. UBS Group increased their target price on D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, BTIG Research decreased their price target on D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.31.

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.