SVB Wealth LLC Purchases 566 Shares of D.R. Horton, Inc. (NYSE:DHI)

SVB Wealth LLC boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 6.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 9,594 shares of the construction company’s stock after acquiring an additional 566 shares during the period. SVB Wealth LLC’s holdings in D.R. Horton were worth $1,458,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DHI. Fairfield Bush & CO. bought a new stake in D.R. Horton in the 1st quarter worth $28,000. American Century Companies Inc. boosted its stake in shares of D.R. Horton by 13.9% during the 1st quarter. American Century Companies Inc. now owns 22,684 shares of the construction company’s stock valued at $1,690,000 after purchasing an additional 2,771 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of D.R. Horton by 10.7% during the 1st quarter. Panagora Asset Management Inc. now owns 10,075 shares of the construction company’s stock valued at $751,000 after purchasing an additional 973 shares in the last quarter. Sei Investments Co. boosted its stake in shares of D.R. Horton by 21.1% during the 1st quarter. Sei Investments Co. now owns 300,024 shares of the construction company’s stock valued at $22,425,000 after purchasing an additional 52,320 shares in the last quarter. Finally, Prudential PLC bought a new stake in shares of D.R. Horton during the 1st quarter valued at about $560,000. Institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. JMP Securities lifted their target price on shares of D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 24th. Seaport Res Ptn lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. The Goldman Sachs Group boosted their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Royal Bank of Canada boosted their price objective on shares of D.R. Horton from $116.00 to $142.00 and gave the stock an “underperform” rating in a research note on Monday, January 22nd. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $154.00.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of the company’s 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 sale, the director now directly owns 5,650 shares of the company’s stock, valued at $809,419. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the sale, the insider now directly owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Barbara K. Allen sold 1,748 shares of the company’s 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 sale, the director now directly owns 5,650 shares of the company’s stock, valued at $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. Insiders own 1.74% of the company’s stock.

D.R. Horton Stock Up 0.1 %

DHI opened at $145.91 on Friday. 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 firm has a 50 day moving average price of $151.97 and a 200-day moving average price of $138.42. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $165.75. The stock has a market capitalization of $48.42 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 0.72 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.43. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same period in the previous year, the company earned $2.73 earnings per share. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. Equities research analysts forecast that D.R. Horton, Inc. will post 14.24 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.82%. D.R. Horton’s dividend payout ratio is currently 8.63%.

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.