Signaturefd LLC Trims Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Signaturefd LLC lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 9,295 shares of the construction company’s stock after selling 1,167 shares during the period. Signaturefd LLC’s holdings in D.R. Horton were worth $1,300,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in shares of D.R. Horton during the 4th quarter valued at about $30,000. FSA Wealth Management LLC purchased a new position in shares of D.R. Horton in the 3rd quarter valued at about $47,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of D.R. Horton in the 4th quarter valued at about $38,000. Rosenberg Matthew Hamilton increased its stake in shares of D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after purchasing an additional 165 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new position in shares of D.R. Horton in the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

DHI has been the subject of several recent analyst reports. Wedbush restated a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. Barclays cut their price target on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. The Goldman Sachs Group cut their price target on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and cut their price target for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Finally, Wells Fargo & Company lowered their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Trading Up 0.6 %

Shares of D.R. Horton stock opened at $127.85 on Wednesday. The stock has a market cap of $40.29 billion, a P/E ratio of 9.04, a P/E/G ratio of 0.54 and a beta of 1.80. The stock’s 50 day simple moving average is $134.94 and its 200-day simple moving average is $157.98. D.R. Horton, Inc. has a 1-year low of $124.23 and a 1-year high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. The business had revenue of $7.61 billion for 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 period in the previous year, the firm posted $2.82 EPS. Analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Friday, February 7th. D.R. Horton’s payout ratio is presently 11.31%.

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.