CapWealth Advisors LLC Has $31.94 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

CapWealth Advisors LLC lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.9% in the 1st quarter, Holdings Channel reports. The fund owned 194,085 shares of the construction company’s stock after selling 3,717 shares during the period. D.R. Horton comprises 3.6% of CapWealth Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. CapWealth Advisors LLC’s holdings in D.R. Horton were worth $31,937,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of DHI. Schroder Investment Management Group grew its position in D.R. Horton by 27.2% in the 3rd quarter. Schroder Investment Management Group now owns 94,977 shares of the construction company’s stock valued at $10,207,000 after buying an additional 20,287 shares in the last quarter. Royal London Asset Management Ltd. grew its position in D.R. Horton by 3.9% in the 3rd quarter. Royal London Asset Management Ltd. now owns 124,231 shares of the construction company’s stock valued at $13,359,000 after buying an additional 4,692 shares in the last quarter. iA Global Asset Management Inc. grew its position in D.R. Horton by 6.3% in the 3rd quarter. iA Global Asset Management Inc. now owns 20,349 shares of the construction company’s stock valued at $2,187,000 after buying an additional 1,202 shares in the last quarter. Morgan Stanley grew its position in D.R. Horton by 3.4% in the 3rd quarter. Morgan Stanley now owns 3,254,275 shares of the construction company’s stock valued at $349,737,000 after buying an additional 106,074 shares in the last quarter. Finally, FineMark National Bank & Trust grew its position in D.R. Horton by 2.0% in the 3rd quarter. FineMark National Bank & Trust now owns 4,035 shares of the construction company’s stock valued at $434,000 after buying an additional 80 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Insider Activity

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 transaction, the director now owns 5,650 shares in the company, valued at approximately $838,799. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Michael R. Buchanan sold 2,000 shares of the stock in a transaction that occurred on 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 owns 1,703 shares in the company, valued at $256,642.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Barbara K. Allen sold 363 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of 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. 1.74% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group boosted their price target on shares of D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Keefe, Bruyette & Woods upped their price target on shares of D.R. Horton from $172.00 to $178.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. Citigroup downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their price target for the company from $181.00 to $156.00 in a report on Tuesday, July 2nd. Royal Bank of Canada cut their price target on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a report on Friday, April 19th. Finally, Bank of America cut their price target on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $156.75.

D.R. Horton Trading Down 0.1 %

NYSE DHI traded down $0.18 on Tuesday, hitting $136.00. 1,687,853 shares of the company were exchanged, compared to its average volume of 2,447,440. The firm has a market capitalization of $44.79 billion, a P/E ratio of 9.26, a price-to-earnings-growth ratio of 0.67 and a beta of 1.71. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $165.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. The company’s 50 day moving average price is $143.84 and its 200-day moving average price is $147.92.

D.R. Horton (NYSE:DHI) last issued 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 company 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 quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.73 EPS. Analysts predict that D.R. Horton, Inc. will post 14.26 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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

About D.R. Horton

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.