Planned Solutions Inc. Has $338,000 Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Planned Solutions Inc. lowered its stake in D.R. Horton, Inc. (NYSE:DHI) by 5.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,414 shares of the construction company’s stock after selling 140 shares during the period. Planned Solutions Inc.’s holdings in D.R. Horton were worth $338,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Coastline Trust Co bought a new stake in shares of D.R. Horton in the third quarter valued at about $26,000. Rakuten Securities Inc. boosted its holdings in D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares during the period. Rosenberg Matthew Hamilton grew its position in shares of D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after purchasing an additional 165 shares in the last quarter. Wolff Wiese Magana LLC increased its holdings in shares of D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after purchasing an additional 196 shares during the period. Finally, Grove Bank & Trust raised its position in shares of D.R. Horton by 76.2% in the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after buying an additional 93 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

D.R. Horton stock opened at $143.61 on Wednesday. The business has a 50 day moving average of $151.46 and a 200-day moving average of $169.11. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. D.R. Horton, Inc. has a 1 year low of $133.02 and a 1 year high of $199.85. The company has a market capitalization of $46.08 billion, a P/E ratio of 10.00, a P/E/G ratio of 0.56 and a beta of 1.75.

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

D.R. Horton Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on DHI shares. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Royal Bank of Canada decreased their target price on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a report on Wednesday, October 30th. Evercore ISI cut their price target on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $176.20.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.54% of the company’s stock.

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.