FCG Investment Co Has $203,000 Holdings in D.R. Horton, Inc. (NYSE:DHI)

FCG Investment Co decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 46.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,455 shares of the construction company’s stock after selling 1,238 shares during the quarter. FCG Investment Co’s holdings in D.R. Horton were worth $203,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. TCI Wealth Advisors Inc. lifted its stake in D.R. Horton by 4.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after acquiring an additional 58 shares in the last quarter. Covestor Ltd raised its holdings in shares of D.R. Horton by 6.6% in the third quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock valued at $203,000 after purchasing an additional 66 shares during the last quarter. Insigneo Advisory Services LLC lifted its position in shares of D.R. Horton by 1.9% in the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock worth $695,000 after purchasing an additional 67 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its holdings in D.R. Horton by 0.8% during the third quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company’s stock worth $1,649,000 after purchasing an additional 72 shares during the last quarter. Finally, Demars Financial Group LLC grew its position in D.R. Horton by 3.5% in the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock valued at $419,000 after purchasing an additional 74 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DHI. Barclays lowered their target price on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday. UBS Group dropped their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their target price on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Wedbush reaffirmed a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. Finally, The Goldman Sachs Group cut their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $174.53.

Insider Buying and Selling

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is owned by corporate insiders.

D.R. Horton Trading Down 1.1 %

DHI opened at $145.25 on Friday. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a twelve month low of $133.02 and a twelve month high of $199.85. The stock has a market capitalization of $46.60 billion, a price-to-earnings ratio of 10.26, a P/E/G ratio of 0.54 and a beta of 1.75. The company has a 50-day simple moving average of $150.81 and a 200 day simple moving average of $169.01.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.55%. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7,120,170 billion. During the same quarter in the prior year, the firm posted $2.82 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. Analysts predict that D.R. Horton, Inc. will post 13.97 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

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.