Fulton Bank N.A. Decreases Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Fulton Bank N.A. reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 16.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 19,383 shares of the construction company’s stock after selling 3,863 shares during the period. Fulton Bank N.A.’s holdings in D.R. Horton were worth $2,710,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Candriam S.C.A. increased its stake in shares of D.R. Horton by 15.6% during the second quarter. Candriam S.C.A. now owns 20,520 shares of the construction company’s stock valued at $2,892,000 after buying an additional 2,770 shares during the period. Caprock Group LLC raised its holdings in D.R. Horton by 37.8% in the 2nd quarter. Caprock Group LLC now owns 7,639 shares of the construction company’s stock worth $1,077,000 after purchasing an additional 2,094 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of D.R. Horton by 5.8% in the 2nd quarter. Ballentine Partners LLC now owns 3,449 shares of the construction company’s stock worth $486,000 after purchasing an additional 188 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of D.R. Horton during the 2nd quarter valued at about $68,000. Finally, Choreo LLC raised its stake in D.R. Horton by 116.1% in the second quarter. Choreo LLC now owns 18,905 shares of the construction company’s stock worth $2,594,000 after buying an additional 10,158 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In other D.R. Horton 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Stock Up 1.2 %

DHI traded up $1.68 during trading on Wednesday, hitting $139.52. 1,143,312 shares of the company’s stock traded hands, compared to its average volume of 2,395,869. The stock has a market capitalization of $44.76 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 0.57 and a beta of 1.75. The company’s 50 day simple moving average is $156.17 and its two-hundred day simple moving average is $168.87. D.R. Horton, Inc. has a 12-month low of $133.02 and a 12-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.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. D.R. Horton’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.45 earnings per share. Analysts predict that D.R. Horton, Inc. will post 14.17 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a dividend of $0.40 per share. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.15%. D.R. Horton’s dividend payout ratio is 11.14%.

Analyst Upgrades and Downgrades

DHI has been the topic of several research reports. Citigroup cut their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday. Royal Bank of Canada dropped their price target on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 30th. Barclays reissued an “equal weight” rating and set a $170.00 price objective (down previously from $192.00) on shares of D.R. Horton in a research report on Wednesday, December 11th. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Finally, UBS Group lowered their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $176.67.

D.R. Horton 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.