Miracle Mile Advisors LLC Has $1.17 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Miracle Mile Advisors LLC raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 7.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,122 shares of the construction company’s stock after buying an additional 489 shares during the quarter. Miracle Mile Advisors LLC’s holdings in D.R. Horton were worth $1,172,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Diversified Trust Co grew its stake in D.R. Horton by 19.9% in the first quarter. Diversified Trust Co now owns 8,823 shares of the construction company’s stock valued at $1,452,000 after purchasing an additional 1,467 shares in the last quarter. Chapin Davis Inc. acquired a new position in D.R. Horton in the 1st quarter valued at $438,000. Guidance Capital Inc. raised its holdings in D.R. Horton by 158.4% in the 1st quarter. Guidance Capital Inc. now owns 9,676 shares of the construction company’s stock valued at $1,592,000 after acquiring an additional 5,931 shares in the last quarter. WD Rutherford LLC acquired a new position in D.R. Horton in the 1st quarter valued at $488,000. Finally, OneAscent Financial Services LLC raised its holdings in shares of D.R. Horton by 23.9% during the 1st quarter. OneAscent Financial Services LLC now owns 3,370 shares of the construction company’s stock worth $555,000 after buying an additional 651 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Transactions at D.R. Horton

In related news, 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 value of $53,890.98. Following the transaction, the director now owns 5,650 shares of the company’s stock, valued at $838,799. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction on Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the transaction, the director now directly owns 1,703 shares in the company, valued at approximately $256,642.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barbara K. Allen sold 363 shares of D.R. Horton stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the transaction, the director now owns 5,650 shares in the company, valued at $838,799. The disclosure for this sale can be found here. Company insiders own 1.74% of the company’s stock.

D.R. Horton Price Performance

Shares of NYSE DHI traded down $3.91 during mid-day trading on Monday, reaching $137.02. The company’s stock had a trading volume of 2,384,373 shares, compared to its average volume of 2,462,235. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. The firm has a market capitalization of $45.12 billion, a PE ratio of 9.33, a P/E/G ratio of 0.70 and a beta of 1.71. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $165.75. The stock has a fifty day moving average of $145.10 and a two-hundred day moving average of $148.62.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $8.15 billion. During the same period in the prior year, the business posted $2.73 earnings per share. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 14.26 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DHI shares. Keefe, Bruyette & Woods boosted their price objective on D.R. Horton from $172.00 to $178.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Royal Bank of Canada dropped their price target on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a report on Friday, April 19th. StockNews.com downgraded D.R. Horton from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Jefferies Financial Group boosted their target price on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Finally, Citigroup dropped their price target on D.R. Horton from $191.00 to $181.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.31.

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.