Hudson Canyon Capital Management Sells 150 Shares of D.R. Horton, Inc. (NYSE:DHI)

Hudson Canyon Capital Management lowered its position in D.R. Horton, Inc. (NYSE:DHI) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,654 shares of the construction company’s stock after selling 150 shares during the period. D.R. Horton comprises 1.4% of Hudson Canyon Capital Management’s holdings, making the stock its 27th largest position. Hudson Canyon Capital Management’s holdings in D.R. Horton were worth $2,189,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Venturi Wealth Management LLC increased its holdings in shares of D.R. Horton by 2.9% in the fourth quarter. Venturi Wealth Management LLC now owns 73,015 shares of the construction company’s stock worth $10,209,000 after acquiring an additional 2,049 shares in the last quarter. CIBC Asset Management Inc increased its stake in D.R. Horton by 4.1% during the 4th quarter. CIBC Asset Management Inc now owns 46,163 shares of the construction company’s stock worth $6,455,000 after purchasing an additional 1,837 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in D.R. Horton during the 4th quarter worth approximately $51,000. Sierra Ocean LLC bought a new position in D.R. Horton in the fourth quarter valued at approximately $43,000. Finally, Allworth Financial LP boosted its holdings in shares of D.R. Horton by 5.5% in the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock valued at $229,000 after buying an additional 82 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Buying and Selling at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the 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 SEC, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on DHI. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Wells Fargo & Company dropped their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Wedbush reaffirmed a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. Finally, Evercore ISI dropped their target price 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, D.R. Horton has an average rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Price Performance

Shares of DHI opened at $130.63 on Tuesday. The firm has a market cap of $41.16 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76. D.R. Horton, Inc. has a 52-week low of $125.84 and a 52-week high of $199.85. The business’s 50 day moving average price is $141.56 and its two-hundred day moving average price is $165.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92.

D.R. Horton (NYSE:DHI) last issued its 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 business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the firm earned $2.82 earnings per share. D.R. Horton’s revenue was down 1.5% on a year-over-year basis. On average, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.22%. 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.