Strengthening Families & Communities LLC Sells 659 Shares of D.R. Horton, Inc. (NYSE:DHI)

Strengthening Families & Communities LLC trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI) by 6.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,132 shares of the construction company’s stock after selling 659 shares during the period. Strengthening Families & Communities LLC’s holdings in D.R. Horton were worth $1,277,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DHI. Ritholtz Wealth Management boosted its holdings in D.R. Horton by 24.9% in the third quarter. Ritholtz Wealth Management now owns 2,240 shares of the construction company’s stock worth $427,000 after purchasing an additional 446 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of D.R. Horton in the third quarter worth about $1,283,000. Koshinski Asset Management Inc. boosted its stake in shares of D.R. Horton by 1.1% during the 3rd quarter. Koshinski Asset Management Inc. now owns 7,458 shares of the construction company’s stock worth $1,423,000 after acquiring an additional 79 shares in the last quarter. Granite Harbor Advisors Inc. acquired a new position in shares of D.R. Horton during the 3rd quarter valued at about $882,000. Finally, Grove Bank & Trust raised its stake in shares of D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after acquiring an additional 93 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analysts Set New Price Targets

DHI has been the topic of several analyst reports. Bank of America downgraded D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price target for the company from $160.00 to $150.00 in a report on Monday, January 27th. UBS Group dropped their target price on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. 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 research note on Wednesday, January 22nd. Finally, Citigroup decreased their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Stock Up 0.9 %

DHI opened at $130.13 on Tuesday. D.R. Horton, Inc. has a fifty-two week low of $127.47 and a fifty-two week high of $199.85. The company has a market capitalization of $41.01 billion, a P/E ratio of 9.20, 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 firm’s fifty day moving average price is $144.87 and its two-hundred day moving average price is $167.60.

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

D.R. Horton Dividend Announcement

The business also recently announced 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 is Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.23%. 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 transaction of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by 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.