Ellevest Inc. Has $391,000 Position in D.R. Horton, Inc. (NYSE:DHI)

Ellevest Inc. cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 37.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,793 shares of the construction company’s stock after selling 1,661 shares during the quarter. Ellevest Inc.’s holdings in D.R. Horton were worth $391,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in 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 purchasing an additional 82 shares during the period. Nemes Rush Group LLC grew its position in shares of D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after buying an additional 82 shares during the last quarter. Secure Asset Management LLC increased its stake in shares of D.R. Horton by 4.8% in the fourth quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company’s stock valued at $257,000 after buying an additional 84 shares during the period. Horizon Investments LLC lifted its stake in shares of D.R. Horton by 1.7% in the fourth quarter. Horizon Investments LLC now owns 5,503 shares of the construction company’s stock worth $767,000 after acquiring an additional 91 shares during the period. Finally, Bfsg LLC boosted its holdings in D.R. Horton by 24.4% in the fourth quarter. Bfsg LLC now owns 484 shares of the construction company’s stock valued at $68,000 after acquiring an additional 95 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DHI has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price target on shares of D.R. Horton from $132.00 to $111.00 and set an “underweight” rating for the company in a report on Monday, April 21st. The Goldman Sachs Group cut their price target on shares of D.R. Horton from $173.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company lowered their price objective on D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Royal Bank of Canada cut their target price on D.R. Horton from $125.00 to $105.00 and set an “underperform” rating on the stock in a research report on Monday, April 21st. Finally, StockNews.com downgraded D.R. Horton from a “hold” rating to a “sell” rating in a report on Thursday, May 1st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $151.15.

D.R. Horton Stock Performance

Shares of DHI stock opened at $122.01 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. The firm has a fifty day simple moving average of $125.33 and a two-hundred day simple moving average of $140.78. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The firm has a market capitalization of $37.48 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the previous year, the firm earned $3.52 earnings per share. Analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.31%. D.R. Horton’s dividend payout ratio is presently 12.11%.

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.