D.R. Horton, Inc. $DHI Shares Sold by Investment House LLC

Investment House LLC lowered its position in D.R. Horton, Inc. (NYSE:DHI) by 8.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 53,911 shares of the construction company’s stock after selling 5,000 shares during the quarter. Investment House LLC’s holdings in D.R. Horton were worth $7,765,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Concord Wealth Partners acquired a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $25,000. Sound Income Strategies LLC acquired a new stake in shares of D.R. Horton in the 4th quarter worth approximately $27,000. Elevated Capital Advisors LLC acquired a new stake in shares of D.R. Horton in the 4th quarter worth approximately $27,000. Ameriflex Group Inc. acquired a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $31,000. Finally, First Horizon Corp grew its holdings in shares of D.R. Horton by 81.3% in the 4th quarter. First Horizon Corp now owns 223 shares of the construction company’s stock worth $32,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Argus increased their target price on D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Bank of America set a $158.00 target price on D.R. Horton in a report on Wednesday, January 21st. The Goldman Sachs Group increased their target price on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada increased their target price on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $168.54.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $134.76 on Wednesday. The business’s fifty day moving average price is $144.04 and its two-hundred day moving average price is $149.54. The stock has a market cap of $38.21 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. D.R. Horton, Inc. has a one year low of $114.17 and a one year high of $184.54.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The company had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same quarter in the prior year, the company posted $2.58 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, analysts forecast that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio is currently 16.87%.

D.R. Horton Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.