D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its holdings in D.R. Horton, Inc. (NYSE:DHI) by 2.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 98,880 shares of the construction company’s stock after selling 2,184 shares during the quarter. Corient Private Wealth LLC’s holdings in D.R. Horton were worth $15,028,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Oakworth Capital Inc. bought a new position in shares of D.R. Horton in the 4th quarter worth about $38,000. Private Wealth Management Group LLC acquired a new stake in shares of D.R. Horton in the 4th quarter worth about $42,000. Friedenthal Financial acquired a new stake in shares of D.R. Horton in the 4th quarter worth about $47,000. AdvisorNet Financial Inc increased its holdings in shares of D.R. Horton by 81.8% in the 4th quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock worth $55,000 after acquiring an additional 162 shares during the period. Finally, EdgeRock Capital LLC acquired a new stake in shares of D.R. Horton in the 4th quarter worth about $55,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

NYSE DHI traded up $1.80 on Friday, hitting $144.62. 1,102,436 shares of the company were exchanged, compared to its average volume of 2,356,659. The company has a market cap of $47.62 billion, a P/E ratio of 9.84, a P/E/G ratio of 0.71 and a beta of 1.66. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $151.44 and a two-hundred day moving average of $146.01.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.44. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.73 EPS. On average, equities analysts predict that D.R. Horton, Inc. will post 14.26 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, May 2nd were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.83%. D.R. Horton’s payout ratio is 8.17%.

Insiders Place Their Bets

In related news, Director Michael R. Buchanan sold 2,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the completion of the transaction, the director now directly owns 1,703 shares of the company’s stock, valued at $256,642.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the transaction, the director now owns 1,703 shares of the company’s stock, valued at $256,642.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction dated 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 owns 773,121 shares in the company, valued at $120,862,005.93. The disclosure for this sale can be found here. Insiders sold a total of 27,812 shares of company stock valued at $4,330,617 in the last quarter. 1.74% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on DHI shares. Jefferies Financial Group raised their target price on shares of D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Raymond James raised their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Wedbush reissued an “underperform” rating and issued a $130.00 price target on shares of D.R. Horton in a research report on Thursday, April 18th. StockNews.com lowered shares of D.R. Horton from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Bank of America dropped their target price on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton has an average rating of “Moderate Buy” and a consensus target price of $157.82.

D.R. Horton 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.