Retirement Guys Formula LLC Reduces Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Retirement Guys Formula LLC reduced its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,496 shares of the construction company’s stock after selling 445 shares during the quarter. Retirement Guys Formula LLC’s holdings in D.R. Horton were worth $1,188,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of D.R. Horton by 82.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 263,515 shares of the construction company’s stock valued at $36,306,000 after buying an additional 119,392 shares during the period. Leavell Investment Management Inc. raised its holdings in shares of D.R. Horton by 7.9% during the 4th quarter. Leavell Investment Management Inc. now owns 2,777 shares of the construction company’s stock valued at $388,000 after buying an additional 204 shares during the period. Shaker Investments LLC OH increased its holdings in D.R. Horton by 2.9% during the 4th quarter. Shaker Investments LLC OH now owns 14,868 shares of the construction company’s stock worth $2,079,000 after purchasing an additional 413 shares during the last quarter. Collier Financial purchased a new stake in D.R. Horton during the 4th quarter worth approximately $56,000. Finally, Core Alternative Capital increased its holdings in D.R. Horton by 7.9% during the 4th quarter. Core Alternative Capital now owns 41,335 shares of the construction company’s stock worth $5,779,000 after purchasing an additional 3,032 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.

D.R. Horton Trading Up 0.3 %

NYSE:DHI opened at $130.61 on Wednesday. D.R. Horton, Inc. has a 12-month low of $127.47 and a 12-month high of $199.85. The firm has a market capitalization of $41.16 billion, a P/E ratio of 9.23, a P/E/G ratio of 0.58 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The business has a 50 day simple moving average of $144.12 and a 200 day simple moving average of $167.30.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the firm posted $2.82 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research 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 disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. D.R. Horton’s dividend payout ratio is currently 11.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DHI shares. Barclays dropped their price objective on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Citigroup dropped their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Evercore ISI dropped their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Finally, Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and a consensus target price of $170.93.

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.