EverSource Wealth Advisors LLC Sells 69 Shares of D.R. Horton, Inc. (NYSE:DHI)

EverSource Wealth Advisors LLC reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 0.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 38,622 shares of the construction company’s stock after selling 69 shares during the period. EverSource Wealth Advisors LLC’s holdings in D.R. Horton were worth $7,368,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Bfsg LLC lifted its stake in shares of D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after acquiring an additional 74 shares during the last quarter. Coastline Trust Co purchased a new stake in shares of D.R. Horton during the 3rd quarter valued at about $26,000. Signature Resources Capital Management LLC bought a new stake in shares of D.R. Horton in the second quarter worth $31,000. Rakuten Securities Inc. grew its holdings in D.R. Horton by 216.7% during the third 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. Finally, Wolff Wiese Magana LLC raised its stake in D.R. Horton by 1,306.7% during the 3rd 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 during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DHI shares. Citigroup reduced their target price on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Royal Bank of Canada lowered their price target 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 decreased 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. Keefe, Bruyette & Woods upped their price target on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Finally, Barclays dropped their price objective on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average target price of $185.87.

D.R. Horton Price Performance

Shares of DHI stock traded up $0.86 during trading hours on Wednesday, hitting $163.16. The company’s stock had a trading volume of 105,583 shares, compared to its average volume of 2,503,351. D.R. Horton, Inc. has a twelve month low of $125.28 and a twelve month high of $199.85. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $181.37 and a 200-day moving average of $167.32. The stock has a market cap of $53.16 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 0.58 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period last year, the firm earned $4.45 earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 14.54 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a $0.40 dividend. The ex-dividend date was Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 0.98%. D.R. Horton’s payout ratio is 11.14%.

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.