Raub Brock Capital Management LP Sells 1,011 Shares of D.R. Horton, Inc. (NYSE:DHI)

Raub Brock Capital Management LP lessened its position in D.R. Horton, Inc. (NYSE:DHI) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,337 shares of the construction company’s stock after selling 1,011 shares during the quarter. D.R. Horton accounts for 3.4% of Raub Brock Capital Management LP’s portfolio, making the stock its 20th largest position. Raub Brock Capital Management LP’s holdings in D.R. Horton were worth $15,847,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. TCI Wealth Advisors Inc. boosted its position in shares of D.R. Horton by 4.1% during the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after buying an additional 58 shares during the period. Covestor Ltd boosted its holdings in D.R. Horton by 6.6% during the 3rd quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock valued at $203,000 after acquiring an additional 66 shares during the period. Insigneo Advisory Services LLC grew its position in D.R. Horton by 1.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after acquiring an additional 67 shares during the last quarter. Azzad Asset Management Inc. ADV increased its stake in D.R. Horton by 0.8% in 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 period. Finally, Demars Financial Group LLC lifted its position in shares of D.R. Horton by 3.5% during the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock worth $419,000 after purchasing an additional 74 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated Thursday, November 21st. The stock was 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 SEC, which is available through this hyperlink. 0.54% of the stock is owned by corporate insiders.

D.R. Horton Stock Performance

DHI opened at $147.83 on Friday. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12-month low of $133.02 and a 12-month high of $199.85. The firm has a 50 day moving average of $151.85 and a two-hundred day moving average of $168.79. The firm has a market capitalization of $47.43 billion, a PE ratio of 10.29, a P/E/G ratio of 0.51 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company’s revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $4.45 earnings per share. On average, analysts anticipate that D.R. Horton, Inc. will post 14.03 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.40 per share. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.08%. D.R. Horton’s dividend payout ratio (DPR) is 11.14%.

Analysts Set New Price Targets

Several research analysts recently commented on DHI shares. BTIG Research reduced their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Royal Bank of Canada reduced their target price on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 30th. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. UBS Group reduced their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Barclays lowered their target price on D.R. Horton from $170.00 to $150.00 and set an “equal weight” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $176.20.

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.