Scissortail Wealth Management LLC Buys Shares of 6,280 D.R. Horton, Inc. (NYSE:DHI)

Scissortail Wealth Management LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,280 shares of the construction company’s stock, valued at approximately $880,000.

Several other hedge funds have also recently made changes to their positions in DHI. Clear Street Markets LLC bought a new stake in shares of D.R. Horton in the fourth quarter valued at $28,000. Fairfield Bush & CO. bought a new stake in shares of D.R. Horton in the first quarter valued at $28,000. Mascoma Wealth Management LLC raised its stake in shares of D.R. Horton by 345.6% in the third quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock valued at $33,000 after buying an additional 235 shares during the period. BluePath Capital Management LLC bought a new stake in shares of D.R. Horton in the third quarter valued at $33,000. Finally, First Pacific Financial bought a new stake in shares of D.R. Horton in the third quarter valued at $41,000. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DHI shares. Seaport Res Ptn cut D.R. Horton from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. UBS Group lifted their price target on D.R. Horton from $155.00 to $192.00 in a research report on Monday, January 22nd. Raymond James lifted their price target on D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Barclays lifted their price target on D.R. Horton from $166.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Finally, The Goldman Sachs Group lifted their price target on D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $154.00.

D.R. Horton Price Performance

Shares of DHI traded down $2.99 during midday trading on Tuesday, reaching $146.08. The stock had a trading volume of 3,085,779 shares, compared to its average volume of 2,520,704. The company’s 50-day moving average is $151.86 and its 200 day moving average is $138.04. D.R. Horton, Inc. has a 12-month low of $97.92 and a 12-month high of $165.75. The company has a current ratio of 6.56, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $48.47 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 0.75 and a beta of 1.64.

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

D.R. Horton Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Monday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is presently 8.63%.

Insider Activity

In other news, 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 completion of the sale, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, 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 completion of the sale, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Barbara K. Allen sold 1,748 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $809,419. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,197 shares of company stock valued at $4,225,745. 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.