D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lessened its stake in D.R. Horton, Inc. (NYSE:DHI) by 9.6% during the fourth quarter, Holdings Channel reports. The firm owned 30,667 shares of the construction company’s stock after selling 3,254 shares during the period. Steward Partners Investment Advisory LLC’s holdings in D.R. Horton were worth $4,288,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Coastline Trust Co acquired a new position in shares of D.R. Horton in the 3rd quarter valued at $26,000. Golden State Wealth Management LLC acquired a new position in shares of D.R. Horton in the 4th quarter valued at $30,000. Rakuten Securities Inc. boosted its holdings in shares of D.R. Horton by 216.7% in the 3rd 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 holdings in shares of D.R. Horton by 152.8% in the 4th 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, Kohmann Bosshard Financial Services LLC acquired a new position in shares of D.R. Horton in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $188.00 to $156.00 in a report on Friday, December 13th. Wedbush restated a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. The Goldman Sachs Group reduced their target price on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Finally, Wells Fargo & Company reduced their target price on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Stock Performance

D.R. Horton stock opened at $134.06 on Friday. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The company has a market capitalization of $42.25 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 0.54 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 firm’s fifty day moving average price is $136.50 and its 200 day moving average price is $161.54.

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, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the firm posted $2.82 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. On average, research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s payout ratio is currently 11.31%.

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.