RFG Advisory LLC Sells 5,415 Shares of D.R. Horton, Inc. (NYSE:DHI)

RFG Advisory LLC trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 78.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,518 shares of the construction company’s stock after selling 5,415 shares during the quarter. RFG Advisory LLC’s holdings in D.R. Horton were worth $231,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DHI. Legal Advantage Investments Inc. boosted its position in shares of D.R. Horton by 2.5% in the fourth quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock valued at $467,000 after acquiring an additional 75 shares during the period. Wealthsource Partners LLC boosted its position in shares of D.R. Horton by 2.7% in the fourth quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock valued at $445,000 after acquiring an additional 78 shares during the period. SRS Capital Advisors Inc. boosted its position in shares of D.R. Horton by 2.2% in the third quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock valued at $391,000 after acquiring an additional 79 shares during the period. FineMark National Bank & Trust boosted its position in shares of D.R. Horton by 2.0% in the third quarter. FineMark National Bank & Trust now owns 4,035 shares of the construction company’s stock valued at $434,000 after acquiring an additional 80 shares during the period. Finally, Tiemann Investment Advisors LLC boosted its position in shares of D.R. Horton by 1.6% in the third quarter. Tiemann Investment Advisors LLC now owns 5,447 shares of the construction company’s stock valued at $585,000 after acquiring an additional 85 shares during the period. 90.63% of the stock is owned by institutional investors.

Insider Activity

In other news, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the sale, the insider now directly owns 773,121 shares in the company, valued at $120,862,005.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at $844,053.50. The disclosure for this sale can be found here. Insiders sold 27,197 shares of company stock valued at $4,225,745 over the last quarter. 1.74% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DHI has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their target price on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Seaport Res Ptn downgraded D.R. Horton from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. Wedbush downgraded D.R. Horton from a “neutral” rating to an “underperform” rating and set a $130.00 price target for the company. in a research note on Tuesday, April 2nd. Raymond James boosted their price target on D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, JMP Securities boosted their price target on 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, D.R. Horton presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.71.

D.R. Horton Stock Performance

D.R. Horton stock opened at $151.71 on Friday. The business has a 50 day moving average of $151.78 and a 200-day moving average of $137.55. D.R. Horton, Inc. has a 1 year low of $97.32 and a 1 year high of $165.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.56 and a quick ratio of 1.20. The company has a market capitalization of $50.34 billion, a P/E ratio of 10.91, a P/E/G ratio of 0.75 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 23rd. The construction company reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.88 by ($0.06). D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $7.55 billion. During the same period in the prior year, the company earned $2.76 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts predict that D.R. Horton, Inc. will post 14.24 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Monday, February 5th. 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.