Wells Fargo & Company MN Has $133.95 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Wells Fargo & Company MN decreased its stake in D.R. Horton, Inc. (NYSE:DHI) by 25.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 957,993 shares of the construction company’s stock after selling 319,974 shares during the quarter. Wells Fargo & Company MN owned approximately 0.30% of D.R. Horton worth $133,947,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DHI. Nemes Rush Group LLC raised its holdings in shares of D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after acquiring an additional 82 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in D.R. Horton in the fourth quarter worth approximately $38,000. Rosenberg Matthew Hamilton lifted its stake in D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after acquiring an additional 165 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new stake in D.R. Horton in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on DHI. Wells Fargo & Company cut their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Barclays lowered their price objective on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. The Goldman Sachs Group reduced their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. 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. Finally, Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Up 4.4 %

DHI opened at $127.67 on Monday. D.R. Horton, Inc. has a fifty-two week low of $118.00 and a fifty-two week high of $199.85. The company has a market capitalization of $40.23 billion, a P/E ratio of 9.02, a P/E/G ratio of 0.54 and a beta of 1.61. 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 $131.02 and its two-hundred day moving average price is $152.44.

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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.25%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio is 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.