308 Shares in D.R. Horton, Inc. (NYSE:DHI) Acquired by Sierra Ocean LLC

Sierra Ocean LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 308 shares of the construction company’s stock, valued at approximately $43,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TCI Wealth Advisors Inc. grew its holdings in D.R. Horton by 4.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after acquiring an additional 58 shares in the last quarter. Covestor Ltd boosted its holdings in shares of D.R. Horton by 6.6% in the 3rd quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock valued at $203,000 after buying an additional 66 shares in the last quarter. Insigneo Advisory Services LLC boosted its holdings in shares of D.R. Horton by 1.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after buying an additional 67 shares in the last quarter. Demars Financial Group LLC boosted its holdings in shares of D.R. Horton by 3.5% in the 3rd quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock valued at $419,000 after buying an additional 74 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of D.R. Horton by 1.0% in the 3rd quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock valued at $1,454,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Bank of America cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. Royal Bank of Canada reiterated an “underperform” rating and set a $125.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Evercore ISI cut their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Finally, Wedbush restated a “neutral” rating and set a $180.00 price objective on shares of D.R. Horton in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Stock Performance

Shares of DHI opened at $130.63 on Tuesday. The company has a market capitalization of $41.16 billion, a PE ratio of 9.23, a P/E/G ratio of 0.58 and a beta of 1.76. D.R. Horton, Inc. has a 52-week low of $125.84 and a 52-week high of $199.85. The company has a 50-day simple moving average of $141.56 and a 200-day simple moving average of $165.91. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.82 EPS. Equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. D.R. Horton’s dividend payout ratio is currently 11.31%.

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.