D.R. Horton, Inc. (NYSE:DHI) Stake Trimmed by Anderson Hoagland & Co.

Anderson Hoagland & Co. cut its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 24,314 shares of the construction company’s stock after selling 2,992 shares during the period. Anderson Hoagland & Co.’s holdings in D.R. Horton were worth $3,590,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DHI. Coastline Trust Co purchased a new stake in shares of D.R. Horton in the 3rd quarter valued at approximately $26,000. Rakuten Securities Inc. raised its stake in D.R. Horton by 216.7% during 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. Wolff Wiese Magana LLC lifted its holdings in shares of D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after purchasing an additional 196 shares in the last quarter. Grove Bank & Trust boosted 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 worth $41,000 after buying an additional 93 shares during the period. Finally, FSA Wealth Management LLC acquired a new position in D.R. Horton during the third quarter valued at $47,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $142.98 on Friday. The business’s 50-day simple moving average is $150.06 and its 200-day simple moving average is $168.89. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.61 and a current ratio of 6.92. The firm has a market cap of $45.87 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7,120,170 billion. During the same quarter last year, the company posted $2.82 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, equities research analysts expect that D.R. Horton, Inc. will post 13.87 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s dividend payout ratio is 11.31%.

Analyst Ratings Changes

A number of equities research analysts have commented on DHI shares. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. The Goldman Sachs Group lowered their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. BTIG Research cut their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Evercore ISI lowered their price target on shares of 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, JMP Securities reiterated a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $174.53.

Insider Buying and Selling at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.