Chevy Chase Trust Holdings LLC Has $21.44 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Chevy Chase Trust Holdings LLC decreased its stake in D.R. Horton, Inc. (NYSE:DHI) by 2.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 153,336 shares of the construction company’s stock after selling 4,018 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in D.R. Horton were worth $21,439,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC raised its position in shares of D.R. Horton by 8.6% during the fourth quarter. V Square Quantitative Management LLC now owns 7,118 shares of the construction company’s stock worth $995,000 after purchasing an additional 563 shares during the period. Figure 8 Investment Strategies LLC acquired a new stake in shares of D.R. Horton during the fourth quarter worth about $965,000. Vontobel Holding Ltd. raised its position in shares of D.R. Horton by 52.9% during the fourth quarter. Vontobel Holding Ltd. now owns 16,588 shares of the construction company’s stock worth $2,319,000 after purchasing an additional 5,736 shares during the period. IMS Capital Management raised its position in shares of D.R. Horton by 19.1% during the fourth quarter. IMS Capital Management now owns 4,543 shares of the construction company’s stock worth $635,000 after purchasing an additional 730 shares during the period. Finally, Avestar Capital LLC raised its position in shares of D.R. Horton by 37.2% during the fourth quarter. Avestar Capital LLC now owns 1,648 shares of the construction company’s stock worth $230,000 after purchasing an additional 447 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. BTIG Research dropped their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Citigroup dropped their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. 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 research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, D.R. Horton currently has an average rating of “Hold” and a consensus price target of $170.93.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the business’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $130.63 on Friday. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 12 month low of $125.84 and a 12 month high of $199.85. The stock has a 50 day moving average of $141.56 and a 200-day moving average of $166.11. The company has a market capitalization of $41.16 billion, a P/E ratio of 9.23, a P/E/G ratio of 0.58 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the company posted $2.82 EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. D.R. Horton’s dividend payout ratio is currently 11.31%.

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.