Callahan Advisors LLC Sells 2,229 Shares of D.R. Horton, Inc. (NYSE:DHI)

Callahan Advisors LLC decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,768 shares of the construction company’s stock after selling 2,229 shares during the quarter. Callahan Advisors LLC’s holdings in D.R. Horton were worth $4,582,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DHI. Creative Planning grew its stake in shares of D.R. Horton by 18.0% during the third quarter. Creative Planning now owns 44,031 shares of the construction company’s stock valued at $8,400,000 after buying an additional 6,709 shares during the last quarter. Stratos Wealth Advisors LLC bought a new position in shares of D.R. Horton during the third quarter valued at approximately $244,000. Raymond James & Associates grew its stake in shares of D.R. Horton by 18.0% during the third quarter. Raymond James & Associates now owns 438,683 shares of the construction company’s stock valued at $83,687,000 after buying an additional 66,961 shares during the last quarter. Resonant Capital Advisors LLC bought a new position in D.R. Horton in the third quarter worth approximately $206,000. Finally, Suncoast Equity Management bought a new position in D.R. Horton in the third quarter worth approximately $390,000. Institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

DHI has been the topic of several research analyst reports. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. JMP Securities reissued a “market outperform” rating and issued a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Citigroup dropped their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, Wedbush reissued a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Two equities research 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 MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Performance

Shares of DHI opened at $130.63 on Tuesday. D.R. Horton, Inc. has a 12 month low of $125.84 and a 12 month high of $199.85. The stock has a fifty day moving average price of $140.95 and a 200-day moving average price of $165.57. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market cap of $41.16 billion, a PE 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 quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating 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 firm had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the business posted $2.82 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued 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 presently 11.31%.

Insider Activity

In related news, Director Barbara K. Allen sold 5,650 shares of the firm’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.54% of the company’s stock.

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.