Retirement Guys Formula LLC Invests $1.31 Million in D.R. Horton, Inc. (NYSE:DHI)

Retirement Guys Formula LLC purchased a new position in D.R. Horton, Inc. (NYSE:DHI) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,944 shares of the construction company’s stock, valued at approximately $1,307,000.

A number of other hedge funds have also recently made changes to their positions in DHI. Rise Advisors LLC purchased a new position in D.R. Horton in the 1st quarter worth approximately $27,000. Riverview Trust Co purchased a new position in D.R. Horton in the 1st quarter worth approximately $30,000. Oakworth Capital Inc. purchased a new position in D.R. Horton in the 4th quarter worth approximately $38,000. Private Wealth Management Group LLC purchased a new position in D.R. Horton in the 4th quarter worth approximately $42,000. Finally, Friedenthal Financial purchased a new position in D.R. Horton in the 4th quarter worth approximately $47,000. 90.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wedbush reiterated an “underperform” rating and set a $130.00 target price on shares of D.R. Horton in a research note on Thursday, April 18th. UBS Group boosted their target price on shares of D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Keefe, Bruyette & Woods boosted their target price on shares of D.R. Horton from $172.00 to $178.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. Royal Bank of Canada decreased their target price on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research note on Friday, April 19th. Finally, Bank of America decreased their target price on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and an average target price of $156.75.

Insider Buying and Selling

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 stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the sale, 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 accessible through this hyperlink. In other news, Director Barbara K. Allen sold 363 shares of the company’s 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 sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $838,799. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 1,703 shares in the company, valued at $256,642.10. The disclosure for this sale can be found here. 1.74% of the stock is owned by company insiders.

D.R. Horton Price Performance

D.R. Horton stock traded up $0.82 during mid-day trading on Thursday, hitting $136.03. The stock had a trading volume of 1,616,763 shares, compared to its average volume of 2,167,425. The firm has a market capitalization of $44.80 billion, a P/E ratio of 9.26, a P/E/G ratio of 0.67 and a beta of 1.71. 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’s 50 day moving average is $144.52 and its 200 day moving average is $148.32. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $165.75.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.44. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. D.R. Horton’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.73 EPS. On average, sell-side 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 announced 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 of this dividend was Wednesday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.88%. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

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.