D.R. Horton, Inc. (NYSE:DHI) Stock Position Raised by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC lifted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 7,122 shares of the construction company’s stock after purchasing an additional 489 shares during the quarter. Miracle Mile Advisors LLC’s holdings in D.R. Horton were worth $1,172,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Rise Advisors LLC bought a new position in D.R. Horton in the 1st quarter worth about $27,000. Riverview Trust Co bought a new position in D.R. Horton in the 1st quarter worth about $30,000. Oakworth Capital Inc. acquired a new stake in shares of D.R. Horton in the 4th quarter worth approximately $38,000. Private Wealth Management Group LLC acquired a new stake in shares of D.R. Horton in the 4th quarter worth approximately $42,000. Finally, Silver Oak Securities Incorporated acquired a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $43,000. Institutional investors own 90.63% of the company’s stock.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 1,703 shares in the company, valued at approximately $256,642.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Michael R. Buchanan sold 2,000 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the transaction, the director now owns 1,703 shares in the company, valued at approximately $256,642.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 363 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the transaction, the director now owns 5,650 shares in the company, valued at approximately $838,799. The disclosure for this sale can be found here. Company insiders own 1.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DHI shares. Citigroup reduced their price target on shares of D.R. Horton from $191.00 to $181.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Keefe, Bruyette & Woods upped their price target on shares of D.R. Horton from $172.00 to $178.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. StockNews.com lowered shares of D.R. Horton from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Jefferies Financial Group upped their price target on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Finally, Royal Bank of Canada cut their target price on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research note on Friday, April 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.31.

D.R. Horton Trading Down 2.8 %

Shares of NYSE:DHI traded down $3.91 during mid-day trading on Monday, hitting $137.02. The stock had a trading volume of 2,384,373 shares, compared to its average volume of 2,462,235. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The company has a market cap of $45.12 billion, a PE ratio of 9.33, a P/E/G ratio of 0.70 and a beta of 1.71. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $165.75. The company’s 50 day moving average is $145.10 and its 200-day moving average is $148.62.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating the consensus estimate 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 quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.73 EPS. On average, sell-side analysts predict that D.R. Horton, Inc. will post 14.26 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $1.20 annualized dividend and a yield of 0.88%. D.R. Horton’s dividend payout ratio is presently 8.17%.

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.