Argus Investors Counsel Inc. Has $401,000 Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Argus Investors Counsel Inc. decreased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,867 shares of the construction company’s stock after selling 134 shares during the quarter. Argus Investors Counsel Inc.’s holdings in D.R. Horton were worth $401,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of DHI. TCI Wealth Advisors Inc. grew its position in shares of 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 position 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 acquiring an additional 66 shares in the last quarter. Insigneo Advisory Services LLC increased its stake in shares of D.R. Horton by 1.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock worth $695,000 after purchasing an additional 67 shares during the last quarter. Demars Financial Group LLC lifted its stake in D.R. Horton by 3.5% in the 3rd 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 last quarter. Finally, Private Trust Co. NA grew its holdings in D.R. Horton by 1.0% during the third quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock worth $1,454,000 after purchasing an additional 78 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DHI shares. JMP Securities restated a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. Finally, UBS Group lowered their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Performance

NYSE DHI opened at $138.81 on Thursday. D.R. Horton, Inc. has a fifty-two week low of $133.02 and a fifty-two week high of $199.85. The stock has a market cap of $43.74 billion, a PE ratio of 9.81, a PEG ratio of 0.60 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The firm’s fifty day moving average price is $146.95 and its two-hundred day moving average price is $168.45.

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 business had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.82 EPS. On average, equities analysts expect that D.R. Horton, Inc. will post 13.05 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the firm’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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

D.R. Horton Company 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.