Hennessy Advisors Inc. Reduces Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Hennessy Advisors Inc. decreased its stake in D.R. Horton, Inc. (NYSE:DHI) by 33.6% in the first quarter, Holdings Channel.com reports. The firm owned 17,800 shares of the construction company’s stock after selling 9,000 shares during the period. Hennessy Advisors Inc.’s holdings in D.R. Horton were worth $2,929,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DHI. 180 Wealth Advisors LLC lifted its stake in shares of D.R. Horton by 7.5% during the 1st quarter. 180 Wealth Advisors LLC now owns 7,254 shares of the construction company’s stock worth $1,194,000 after acquiring an additional 504 shares during the last quarter. Overbrook Management Corp bought a new stake in shares of D.R. Horton during the 1st quarter worth approximately $8,070,000. Sunbelt Securities Inc. lifted its stake in shares of D.R. Horton by 12.7% during the 1st quarter. Sunbelt Securities Inc. now owns 3,812 shares of the construction company’s stock worth $627,000 after acquiring an additional 429 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of D.R. Horton by 8.8% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 30,534 shares of the construction company’s stock worth $5,024,000 after acquiring an additional 2,477 shares during the last quarter. Finally, Riverview Trust Co bought a new stake in shares of D.R. Horton during the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Activity

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

D.R. Horton Stock Down 0.7 %

DHI stock traded down $0.96 on Friday, hitting $140.24. 894,318 shares of the company’s stock were exchanged, compared to its average volume of 2,447,559. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $165.75. The firm has a 50 day moving average price of $145.22 and a two-hundred day moving average price of $148.57. 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 stock has a market cap of $46.18 billion, a P/E ratio of 9.62, a price-to-earnings-growth ratio of 0.70 and a beta of 1.68.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.44. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.73 EPS. As a group, equities research analysts expect that D.R. Horton, Inc. will post 14.26 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Wednesday, May 1st. D.R. Horton’s dividend payout ratio is presently 8.17%.

Wall Street Analyst Weigh In

DHI has been the subject of a number of research analyst reports. Barclays decreased their price target on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Bank of America decreased their target price on D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Jefferies Financial Group lifted their target price on D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Royal Bank of Canada decreased their target price on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research report on Friday, April 19th. Finally, Wedbush reaffirmed an “underperform” rating and set a $130.00 target price on shares of D.R. Horton in a research report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $158.31.

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.