Apollon Wealth Management LLC Has $2.38 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Apollon Wealth Management LLC raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 212.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,629 shares of the construction company’s stock after acquiring an additional 10,621 shares during the quarter. Apollon Wealth Management LLC’s holdings in D.R. Horton were worth $2,375,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BluePath Capital Management LLC bought a new position in shares of D.R. Horton in the third quarter valued at approximately $33,000. Oakworth Capital Inc. bought a new stake in D.R. Horton during the 4th quarter worth about $38,000. Silver Oak Securities Incorporated acquired a new stake in D.R. Horton in the 3rd quarter valued at about $43,000. JFS Wealth Advisors LLC raised its stake in shares of D.R. Horton by 85.8% in the third quarter. JFS Wealth Advisors LLC now owns 420 shares of the construction company’s stock worth $45,000 after acquiring an additional 194 shares during the last quarter. Finally, Friedenthal Financial acquired a new position in shares of D.R. Horton during the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Activity at D.R. Horton

In related news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the sale, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at $838,799. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the transaction, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,812 shares of company stock valued at $4,330,617. Corporate insiders own 1.74% of the company’s stock.

D.R. Horton Stock Up 0.1 %

DHI stock traded up $0.16 during trading hours on Tuesday, reaching $151.42. 2,544,959 shares of the stock were exchanged, compared to its average volume of 2,539,081. The company has a market cap of $49.86 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 0.73 and a beta of 1.66. The firm’s 50-day moving average is $152.20 and its 200-day moving average is $142.36. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 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.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. During the same quarter last year, the firm earned $2.73 EPS. D.R. Horton’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, equities research analysts expect that D.R. Horton, Inc. will post 14.31 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.79%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s payout ratio is 8.17%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DHI shares. Royal Bank of Canada dropped their price objective on shares of 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. Wedbush reaffirmed an “underperform” rating and set a $130.00 price target on shares of D.R. Horton in a research note on Thursday, April 18th. Keefe, Bruyette & Woods lifted 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 report on Tuesday. The Goldman Sachs Group increased their price target on D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Jefferies Financial Group increased their price target on shares of D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.41.

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.