Great Lakes Retirement Inc. Sells 136 Shares of D.R. Horton, Inc. (NYSE:DHI)

Great Lakes Retirement Inc. cut its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,699 shares of the construction company’s stock after selling 136 shares during the quarter. Great Lakes Retirement Inc.’s holdings in D.R. Horton were worth $377,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DHI. Coastline Trust Co bought a new position in shares of D.R. Horton during the third quarter worth about $26,000. Golden State Wealth Management LLC acquired a new position in D.R. Horton during the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. boosted its position in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares during the last quarter. Rosenberg Matthew Hamilton boosted its position in D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after purchasing an additional 165 shares during the last quarter. Finally, Wolff Wiese Magana LLC boosted its position in D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after purchasing an additional 196 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DHI has been the subject of several recent research reports. BTIG Research reduced their price target on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Wedbush reissued a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Citigroup reduced their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, Barclays reduced their price target on 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 equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $170.93.

D.R. Horton Stock Performance

DHI opened at $127.77 on Thursday. The business has a fifty day simple moving average of $143.40 and a 200 day simple moving average of $166.97. The company has a market capitalization of $40.26 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76. D.R. Horton, Inc. has a 1 year low of $125.84 and a 1 year high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

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

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.25%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by corporate insiders.

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.