Mill Creek Capital Advisors LLC Takes $285,000 Position in D.R. Horton, Inc. (NYSE:DHI)

Mill Creek Capital Advisors LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,037 shares of the construction company’s stock, valued at approximately $285,000.

Several other institutional investors have also recently made changes to their positions in the business. Ritholtz Wealth Management increased its holdings in D.R. Horton by 24.9% in the 3rd quarter. Ritholtz Wealth Management now owns 2,240 shares of the construction company’s stock valued at $427,000 after acquiring an additional 446 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of D.R. Horton during the third quarter valued at about $1,283,000. Grove Bank & Trust increased its holdings in shares of D.R. Horton by 76.2% in the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after purchasing an additional 93 shares during the last quarter. Creative Planning lifted its position in shares of D.R. Horton by 18.0% in the third quarter. Creative Planning now owns 44,031 shares of the construction company’s stock worth $8,400,000 after buying an additional 6,709 shares in the last quarter. Finally, NBC Securities Inc. boosted its stake in D.R. Horton by 6,157.1% during the third quarter. NBC Securities Inc. now owns 876 shares of the construction company’s stock valued at $167,000 after buying an additional 862 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Activity

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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DHI. Evercore ISI reduced their price target on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Royal Bank of Canada reiterated an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. UBS Group decreased their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. BTIG Research lowered their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Barclays lowered their price target on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Trading Up 0.3 %

Shares of D.R. Horton stock opened at $130.61 on Wednesday. The firm has a market capitalization of $41.16 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 0.58 and a beta of 1.76. 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, Inc. has a 12-month low of $127.47 and a 12-month high of $199.85. The firm’s 50 day simple moving average is $144.12 and its two-hundred day simple moving average is $167.30.

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

D.R. Horton Announces Dividend

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

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.