Barlow Wealth Partners Inc. Makes New Investment in D.R. Horton, Inc. (NYSE:DHI)

Barlow Wealth Partners Inc. purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,803 shares of the construction company’s stock, valued at approximately $274,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Crestone Asset Management LLC bought a new position in D.R. Horton during the fourth quarter worth about $208,000. Charles Schwab Investment Management Inc. boosted its stake in D.R. Horton by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,921,431 shares of the construction company’s stock worth $292,019,000 after acquiring an additional 32,700 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in D.R. Horton by 12.4% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,056 shares of the construction company’s stock valued at $616,000 after purchasing an additional 446 shares during the period. Apollon Wealth Management LLC increased its stake in D.R. Horton by 212.1% in the fourth quarter. Apollon Wealth Management LLC now owns 15,629 shares of the construction company’s stock valued at $2,375,000 after purchasing an additional 10,621 shares in the last quarter. Finally, UNIVEST FINANCIAL Corp acquired a new stake in D.R. Horton in the fourth quarter worth $247,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Up 0.1 %

D.R. Horton stock traded up $0.16 during mid-day trading on Tuesday, reaching $151.42. The company’s stock had a trading volume of 2,544,959 shares, compared to its average volume of 2,539,081. The company has a market capitalization of $49.86 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 0.73 and a beta of 1.66. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $165.75. The business’s 50 day simple moving average is $152.32 and its 200 day simple moving average is $142.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.73 earnings per share. As a group, research analysts anticipate that D.R. Horton, Inc. will post 14.31 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DHI shares. Jefferies Financial Group increased their target price on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Bank of America cut 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 report on Friday, April 19th. JMP Securities increased their target price on shares of D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 24th. Citigroup increased their target price on shares of D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, BTIG Research cut their target price on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $158.41.

Insider Activity

In other news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction dated 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 transaction, the director now owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction dated 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 owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the transaction, the director now directly 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 27,812 shares of company stock valued at $4,330,617 in the last quarter. Company insiders own 1.74% of the company’s stock.

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.