J.W. Cole Advisors Inc. Has $108,000 Holdings in D.R. Horton, Inc. (NYSE:DHI)

J.W. Cole Advisors Inc. boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHIGet Rating) by 405.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,414 shares of the construction company’s stock after buying an additional 9,957 shares during the period. J.W. Cole Advisors Inc.’s holdings in D.R. Horton were worth $108,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairfield Bush & CO. acquired a new stake in D.R. Horton during the 1st quarter worth about $28,000. GPS Wealth Strategies Group LLC raised its holdings in D.R. Horton by 300.0% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 400 shares of the construction company’s stock worth $30,000 after buying an additional 300 shares during the period. Hazlett Burt & Watson Inc. acquired a new stake in D.R. Horton during the 1st quarter worth about $30,000. MCF Advisors LLC acquired a new stake in D.R. Horton during the 1st quarter worth about $32,000. Finally, Tcwp LLC purchased a new position in D.R. Horton during the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

D.R. Horton Stock Down 0.8 %

Shares of D.R. Horton stock opened at $71.34 on Thursday. The stock has a market capitalization of $24.79 billion, a P/E ratio of 4.58, a PEG ratio of 0.48 and a beta of 1.60. The company has a quick ratio of 0.84, a current ratio of 5.71 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average price of $74.25 and a two-hundred day moving average price of $73.22. D.R. Horton, Inc. has a 12-month low of $59.25 and a 12-month high of $110.45.

D.R. Horton (NYSE:DHIGet Rating) last announced its earnings results on Thursday, July 21st. The construction company reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.49 by $0.18. The firm had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.91 billion. D.R. Horton had a return on equity of 33.33% and a net margin of 17.42%. The company’s revenue was up 20.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.06 earnings per share. Equities analysts expect that D.R. Horton, Inc. will post 17.08 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Thursday, August 4th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.26%. D.R. Horton’s dividend payout ratio (DPR) is presently 5.78%.

Analyst Ratings Changes

Several equities analysts have weighed in on DHI shares. Barclays lowered their target price on D.R. Horton from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, July 14th. Credit Suisse Group lowered their target price on D.R. Horton to $85.00 in a research note on Friday, July 22nd. UBS Group lowered their target price on D.R. Horton from $151.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, June 16th. Citigroup lifted their target price on D.R. Horton from $73.00 to $90.00 in a research note on Friday, July 22nd. Finally, Wells Fargo & Company lowered their target price on D.R. Horton from $86.00 to $73.00 and set an “overweight” rating on the stock in a research note on Friday, June 17th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $95.14.

Insider Transactions at D.R. Horton

In other news, VP Aron M. Odom sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $77.72, for a total transaction of $388,600.00. Following the completion of the transaction, the vice president now directly owns 3,024 shares in the company, valued at $235,025.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Michael R. Buchanan sold 2,167 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $71.50, for a total transaction of $154,940.50. Following the completion of the transaction, the director now directly owns 3,378 shares in the company, valued at $241,527. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Aron M. Odom sold 5,000 shares of the company’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $77.72, for a total value of $388,600.00. Following the completion of the transaction, the vice president now owns 3,024 shares of the company’s stock, valued at $235,025.28. The disclosure for this sale can be found here. Insiders sold a total of 11,167 shares of company stock worth $851,821 over the last three months. 0.49% of the stock is currently owned by insiders.

D.R. Horton Profile

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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 31 states and 98 markets under the names of D.R.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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