McElhenny Sheffield Capital Management LLC Purchases New Stake in D.R. Horton, Inc. (NYSE:DHI)

McElhenny Sheffield Capital Management LLC acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 3,775 shares of the construction company’s stock, valued at approximately $528,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. grew its stake in D.R. Horton by 15.2% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,822 shares of the construction company’s stock valued at $680,000 after buying an additional 638 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of D.R. Horton by 829.7% during the second quarter. Intech Investment Management LLC now owns 68,085 shares of the construction company’s stock worth $9,595,000 after acquiring an additional 60,762 shares during the period. Brighton Jones LLC grew its position in shares of D.R. Horton by 5.2% in the second quarter. Brighton Jones LLC now owns 2,227 shares of the construction company’s stock valued at $314,000 after purchasing an additional 111 shares during the last quarter. AE Wealth Management LLC lifted its holdings in D.R. Horton by 42.1% during the 2nd quarter. AE Wealth Management LLC now owns 5,274 shares of the construction company’s stock worth $743,000 after purchasing an additional 1,563 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in D.R. Horton by 0.7% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 59,990 shares of the construction company’s stock valued at $8,454,000 after purchasing an additional 400 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.54% of the company’s stock.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $147.83 on Friday. The firm has a market cap of $47.43 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.51 and a beta of 1.75. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85. The firm’s fifty day moving average is $151.85 and its 200-day moving average is $168.79. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter last year, the firm posted $4.45 EPS. The company’s quarterly revenue was down 4.7% on a year-over-year basis. Sell-side analysts predict that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio is currently 11.14%.

Analyst Ratings Changes

Several equities analysts recently commented on DHI shares. BTIG Research decreased their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Evercore ISI decreased their target price on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Wells Fargo & Company dropped their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. UBS Group reduced their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada dropped their price objective on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $176.20.

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.