Koshinski Asset Management Inc. Lowers Stake in D.R. Horton, Inc. (NYSE:DHI)

Koshinski Asset Management Inc. trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,916 shares of the construction company’s stock after selling 542 shares during the quarter. Koshinski Asset Management Inc.’s holdings in D.R. Horton were worth $967,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. TCI Wealth Advisors Inc. increased its position 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 purchasing an additional 58 shares in the last quarter. Covestor Ltd grew its stake in D.R. Horton by 6.6% during the third quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after buying an additional 66 shares during the period. Insigneo Advisory Services LLC increased its position in shares of 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 worth $695,000 after acquiring an additional 67 shares in the last quarter. Azzad Asset Management Inc. ADV raised its stake in shares of D.R. Horton by 0.8% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company’s stock valued at $1,649,000 after acquiring an additional 72 shares during the period. Finally, Demars Financial Group LLC lifted its holdings in shares of D.R. Horton by 3.5% during the 3rd quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock valued at $419,000 after acquiring an additional 74 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wedbush reissued a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research report on Friday, January 17th. Royal Bank of Canada dropped their target price on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a report on Wednesday, October 30th. UBS Group lowered their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company reduced their target price on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group lowered their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $176.20.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated 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 SEC, which is available at the SEC website. Insiders own 0.54% of the company’s stock.

D.R. Horton Stock Down 2.7 %

NYSE:DHI opened at $143.61 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The company has a market capitalization of $46.08 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. D.R. Horton, Inc. has a one year low of $133.02 and a one year high of $199.85. The stock has a 50-day simple moving average of $151.46 and a 200 day simple moving average of $169.11.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7,120,170 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.82 EPS. Sell-side analysts predict that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.11%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s dividend payout ratio is 11.14%.

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.