Collier Financial Takes $56,000 Position in D.R. Horton, Inc. (NYSE:DHI)

Collier Financial purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 400 shares of the construction company’s stock, valued at approximately $56,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ritholtz Wealth Management boosted its position in shares of D.R. Horton by 24.9% during the third quarter. Ritholtz Wealth Management now owns 2,240 shares of the construction company’s stock valued at $427,000 after buying an additional 446 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of D.R. Horton during the third quarter valued at $1,283,000. Koshinski Asset Management Inc. boosted its position in shares of D.R. Horton by 1.1% during the third quarter. Koshinski Asset Management Inc. now owns 7,458 shares of the construction company’s stock valued at $1,423,000 after buying an additional 79 shares during the last quarter. Granite Harbor Advisors Inc. purchased a new stake in shares of D.R. Horton during the third quarter valued at $882,000. Finally, Grove Bank & Trust boosted its position in shares of D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after buying an additional 93 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. BTIG Research dropped their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Wedbush reissued a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $160.00 to $150.00 in a research report on Monday, January 27th. Barclays dropped their target price on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and set a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Stock Up 0.9 %

Shares of DHI opened at $130.13 on Tuesday. The business’s 50 day moving average is $144.87 and its 200 day moving average is $167.60. The company has a market capitalization of $41.01 billion, a PE ratio of 9.20, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76. D.R. Horton, Inc. has a 12-month low of $127.47 and a 12-month high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the company earned $2.82 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. Research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.23%. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

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.