Savant Capital LLC Sells 9,790 Shares of D.R. Horton, Inc. $DHI

Savant Capital LLC cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 56.7% during the fourth quarter, HoldingsChannel reports. The firm owned 7,465 shares of the construction company’s stock after selling 9,790 shares during the period. Savant Capital LLC’s holdings in D.R. Horton were worth $1,075,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Concord Wealth Partners bought a new position in shares of D.R. Horton in the third quarter worth about $25,000. Sound Income Strategies LLC bought a new position in shares of D.R. Horton in the fourth quarter worth about $27,000. Ameriflex Group Inc. bought a new position in shares of D.R. Horton in the third quarter worth about $31,000. Elevated Capital Advisors LLC bought a new position in shares of D.R. Horton in the fourth quarter worth about $27,000. Finally, Westside Investment Management Inc. grew its holdings in shares of D.R. Horton by 100.0% in the third quarter. Westside Investment Management Inc. now owns 206 shares of the construction company’s stock worth $36,000 after purchasing an additional 103 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on DHI shares. Wells Fargo & Company upped their price target on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Truist Financial upped their price target on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Citigroup upped their price target on shares of D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. The Goldman Sachs Group increased their target price on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, UBS Group increased their target price on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $168.54.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $147.20 on Tuesday. The firm has a market capitalization of $41.74 billion, a P/E ratio of 13.80, a PEG ratio of 2.06 and a beta of 1.38. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average price of $144.72 and a 200 day moving average price of $149.49. D.R. Horton, Inc. has a 52 week low of $114.17 and a 52 week high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.15 by $0.09. The firm had revenue of $7.56 billion during the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. D.R. Horton’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm posted $2.58 EPS. Sell-side analysts expect that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 16.87%.

About D.R. Horton

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.