Mutual Advisors LLC Reduces Stake in D.R. Horton, Inc. (NYSE:DHI)

Mutual Advisors LLC trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI) by 49.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,430 shares of the construction company’s stock after selling 1,395 shares during the period. Mutual Advisors LLC’s holdings in D.R. Horton were worth $210,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. TCI Wealth Advisors Inc. increased its stake in D.R. Horton by 4.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after buying an additional 58 shares during the period. Covestor Ltd raised its stake in D.R. Horton by 6.6% during the 3rd quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after acquiring an additional 66 shares in the last quarter. Insigneo Advisory Services LLC lifted its position in D.R. Horton by 1.9% in the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after acquiring an additional 67 shares during the last quarter. Azzad Asset Management Inc. ADV increased its position in D.R. Horton by 0.8% during the third quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company’s stock worth $1,649,000 after buying an additional 72 shares during the period. Finally, Demars Financial Group LLC increased its stake in D.R. Horton by 3.5% in the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock valued at $419,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DHI. Barclays lowered their target price on shares of 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. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday. Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $160.00 to $150.00 in a report on Monday. Evercore ISI reduced their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Finally, UBS Group dropped their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $170.20.

D.R. Horton Stock Performance

DHI stock opened at $143.98 on Wednesday. D.R. Horton, Inc. has a 12-month low of $133.02 and a 12-month high of $199.85. The stock’s 50 day simple moving average is $149.78 and its 200 day simple moving average is $169.31. The company has a current ratio of 6.92, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20. The firm has a market cap of $46.19 billion, a P/E ratio of 10.18, a P/E/G ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The firm 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%. D.R. Horton’s revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the company posted $2.82 earnings per share. As a group, equities research analysts predict that D.R. Horton, Inc. will post 13.87 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.11%. The ex-dividend date is Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 11.31%.

Insiders Place Their Bets

In related news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by insiders.

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.