Scissortail Wealth Management LLC Invests $880,000 in D.R. Horton, Inc. (NYSE:DHI)

Scissortail Wealth Management LLC bought a new position in D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,280 shares of the construction company’s stock, valued at approximately $880,000.

Several other large investors have also recently made changes to their positions in the company. Fairfield Bush & CO. bought a new stake in D.R. Horton during the first quarter worth approximately $28,000. American Century Companies Inc. increased its stake in D.R. Horton by 13.9% during the first quarter. American Century Companies Inc. now owns 22,684 shares of the construction company’s stock worth $1,690,000 after acquiring an additional 2,771 shares during the last quarter. Panagora Asset Management Inc. increased its stake in D.R. Horton by 10.7% during the first quarter. Panagora Asset Management Inc. now owns 10,075 shares of the construction company’s stock worth $751,000 after acquiring an additional 973 shares during the last quarter. Sei Investments Co. increased its stake in D.R. Horton by 21.1% during the first quarter. Sei Investments Co. now owns 300,024 shares of the construction company’s stock worth $22,425,000 after acquiring an additional 52,320 shares during the last quarter. Finally, Prudential PLC bought a new position in shares of D.R. Horton during the first quarter valued at approximately $560,000. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Down 2.0 %

D.R. Horton stock traded down $2.99 during mid-day trading on Tuesday, reaching $146.08. 3,085,779 shares of the company were exchanged, compared to its average volume of 2,520,704. The business has a fifty day moving average of $151.86 and a 200 day moving average of $138.04. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56. The firm has a market cap of $48.47 billion, a P/E ratio of 10.72, a PEG ratio of 0.75 and a beta of 1.64. D.R. Horton, Inc. has a 12-month low of $97.92 and a 12-month high of $165.75.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 23rd. The construction company reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.06). The company had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.76 EPS. Research analysts anticipate that D.R. Horton, Inc. will post 14.24 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, February 5th. This represents a $1.20 dividend on an annualized basis and a yield of 0.82%. D.R. Horton’s dividend payout ratio is currently 8.63%.

Insiders Place Their Bets

In other news, insider David V. Auld sold 25,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the sale, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider David V. Auld sold 25,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the sale, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the stock in a transaction 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 sale, the director now owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The disclosure for this sale can be found here. Insiders sold a total of 27,197 shares of company stock worth $4,225,745 over the last 90 days. Company insiders own 1.74% of the company’s stock.

Wall Street Analyst Weigh In

DHI has been the topic of a number of analyst reports. Royal Bank of Canada upped their target price on D.R. Horton from $116.00 to $142.00 and gave the company an “underperform” rating in a research note on Monday, January 22nd. Raymond James upped their target price 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. Keefe, Bruyette & Woods cut their target price on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 24th. BTIG Research cut their target price on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Barclays upped their target price on D.R. Horton from $166.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Moderate Buy” and an average target price of $154.00.

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.