Raymond James Financial Services Advisors Inc. Lowers Stake in D.R. Horton, Inc. (NYSE:DHI)

Raymond James Financial Services Advisors Inc. lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI – Get Rating) by 30.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 116,937 shares of the construction company’s stock after selling 50,184 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in D.R. Horton were worth $10,424,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brown Advisory Inc. raised its position in D.R. Horton by 16.6% in the 3rd quarter. Brown Advisory Inc. now owns 6,413 shares of the construction company’s stock worth $431,000 after purchasing an additional 915 shares during the period. Brinker Capital Investments LLC increased its holdings in D.R. Horton by 2.2% during the fourth quarter. Brinker Capital Investments LLC now owns 13,158 shares of the construction company’s stock valued at $1,173,000 after buying an additional 288 shares during the last quarter. Assetmark Inc. increased its holdings in D.R. Horton by 87.0% during the third quarter. Assetmark Inc. now owns 33,245 shares of the construction company’s stock valued at $2,239,000 after buying an additional 15,466 shares during the last quarter. Ensign Peak Advisors Inc boosted its position in shares of D.R. Horton by 6.0% in the third quarter. Ensign Peak Advisors Inc now owns 108,933 shares of the construction company’s stock worth $7,336,000 after purchasing an additional 6,190 shares during the period. Finally, Profund Advisors LLC boosted its position in shares of D.R. Horton by 6.3% in the fourth quarter. Profund Advisors LLC now owns 3,472 shares of the construction company’s stock worth $309,000 after purchasing an additional 205 shares during the period. Hedge funds and other institutional investors own 84.87% of the company’s stock.

D.R. Horton Trading Up 1.1 %

NYSE DHI opened at $109.80 on Tuesday. The company’s 50-day simple moving average is $101.01 and its two-hundred day simple moving average is $93.52. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 6.80. D.R. Horton, Inc. has a one year low of $59.25 and a one year high of $111.25. The company has a market capitalization of $37.45 billion, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 0.66 and a beta of 1.53.

D.R. Horton (NYSE:DHI – Get Rating) last posted its earnings results on Thursday, April 20th. The construction company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.83. The firm had revenue of $7.97 billion during the quarter, compared to analyst estimates of $6.48 billion. D.R. Horton had a net margin of 15.39% and a return on equity of 25.94%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm earned $4.03 EPS. Equities analysts forecast that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 10th. Investors of record on Wednesday, May 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.91%. The ex-dividend date was Tuesday, May 2nd. D.R. Horton’s payout ratio is presently 6.74%.

Insider Transactions at D.R. Horton

In other news, COO Michael J. Murray sold 54,000 shares of the company’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $110.21, for a total transaction of $5,951,340.00. Following the completion of the sale, the chief operating officer now owns 257,294 shares of the company’s stock, valued at $28,356,371.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Michael J. Murray sold 54,000 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $110.21, for a total transaction of $5,951,340.00. Following the transaction, the chief operating officer now owns 257,294 shares of the company’s stock, valued at approximately $28,356,371.74. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Barbara K. Allen sold 470 shares of the company’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $92.89, for a total transaction of $43,658.30. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $524,828.50. The disclosure for this sale can be found here. Insiders sold 56,122 shares of company stock valued at $6,153,884 over the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on DHI shares. Oppenheimer initiated coverage on shares of D.R. Horton in a research report on Wednesday, January 18th. They set a “market perform” rating for the company. BTIG Research increased their price objective on shares of D.R. Horton from $101.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, January 25th. Wolfe Research lowered shares of D.R. Horton from an “outperform” rating to a “peer perform” rating in a report on Wednesday, March 22nd. They noted that the move was a valuation call. StockNews.com began coverage on shares of D.R. Horton in a report on Thursday, March 16th. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. lowered shares of D.R. Horton from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $107.00 to $102.50 in a report on Monday, March 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $109.77.

D.R. Horton Profile

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D.R. Horton, Inc operates as a home building company, which engages in the construction and sale of single-family housing. It operates through the following segments: Homebuilding, Forestar, Financial Services, Rental, and Others. The Homebuilding segment includes the acquisition and development of land and the construction and sale of residential homes.