A. D. Beadell Investment Counsel Inc. boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.8% during the first quarter, Holdings Channel reports. The institutional investor owned 41,575 shares of the construction company’s stock after buying an additional 350 shares during the period. A. D. Beadell Investment Counsel Inc.’s holdings in D.R. Horton were worth $1,384,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Intellectus Partners LLC purchased a new position in shares of D.R. Horton during the fourth quarter valued at about $137,000. Courier Capital LLC purchased a new position in shares of D.R. Horton during the first quarter valued at about $217,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of D.R. Horton by 6.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,190 shares of the construction company’s stock valued at $197,000 after buying an additional 425 shares in the last quarter. Spirit of America Management Corp NY purchased a new position in shares of D.R. Horton during the first quarter valued at about $250,000. Finally, Evermay Wealth Management LLC increased its position in shares of D.R. Horton by 1.8% in the third quarter. Evermay Wealth Management LLC now owns 8,303 shares of the construction company’s stock valued at $251,000 after buying an additional 150 shares in the last quarter. 83.30% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

D.R. Horton, Inc. (NYSE:DHI) traded down 0.69% during midday trading on Friday, hitting $32.87. 6,532,035 shares of the company were exchanged. D.R. Horton, Inc. has a one year low of $26.69 and a one year high of $34.56. The firm’s 50-day moving average price is $33.30 and its 200-day moving average price is $30.14. The stock has a market capitalization of $12.27 billion, a PE ratio of 13.21 and a beta of 1.12.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 20th. The construction company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.59 by $0.01. The company earned $3.25 billion during the quarter, compared to the consensus estimate of $3.10 billion. D.R. Horton had a net margin of 7.40% and a return on equity of 14.10%. The company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. Equities research analysts anticipate that D.R. Horton, Inc. will post $2.74 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 19th. Stockholders of record on Friday, May 5th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Wednesday, May 3rd. D.R. Horton’s dividend payout ratio (DPR) is 16.13%.

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Several brokerages recently issued reports on DHI. Wedbush reissued an “outperform” rating and set a $36.00 price target on shares of D.R. Horton in a report on Thursday, April 13th. Royal Bank of Canada lifted their price target on shares of D.R. Horton from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, January 25th. Barclays PLC lifted their price target on shares of D.R. Horton from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, January 25th. Vetr downgraded shares of D.R. Horton from a “buy” rating to a “hold” rating and set a $28.77 price target for the company. in a report on Wednesday, January 4th. Finally, BTIG Research began coverage on shares of D.R. Horton in a report on Tuesday, February 7th. They set a “buy” rating and a $38.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $34.63.

In other news, Director Barbara K. Allen sold 940 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $32.36, for a total transaction of $30,418.40. Following the completion of the sale, the director now owns 6,590 shares of the company’s stock, valued at approximately $213,252.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Donald R. Horton sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $31.27, for a total transaction of $62,540,000.00. Following the sale, the chairman now directly owns 25,008,370 shares of the company’s stock, valued at approximately $782,011,729.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,080,276 shares of company stock valued at $65,095,772. Insiders own 7.20% of the company’s stock.

About D.R. Horton

D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.

5 Day Chart for NYSE:DHI

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