Howard Capital Management Group LLC Sells 625 Shares of D.R. Horton, Inc. (NYSE:DHI)

Howard Capital Management Group LLC decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 18.8% during the fourth quarter, HoldingsChannel reports. The fund owned 2,700 shares of the construction company’s stock after selling 625 shares during the quarter. Howard Capital Management Group LLC’s holdings in D.R. Horton were worth $378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mountaineer Partners Management LLC purchased a new position in shares of D.R. Horton during the third quarter worth approximately $1,853,178,000. FMR LLC increased its holdings in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares during the period. Zurich Insurance Group Ltd FI purchased a new stake in shares of D.R. Horton in the 3rd quarter worth $72,672,000. Nordea Investment Management AB grew its position in shares of D.R. Horton by 112.7% during the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock worth $57,255,000 after buying an additional 215,947 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of D.R. Horton by 360.0% during the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after buying an additional 212,112 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DHI. BTIG Research lowered their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Citigroup reduced their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company cut their price target 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 research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and an average target price of $176.20.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.54% of the company’s stock.

D.R. Horton Stock Performance

DHI opened at $143.61 on Wednesday. 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, Inc. has a 12-month low of $133.02 and a 12-month high of $199.85. The firm has a 50 day moving average of $151.46 and a two-hundred day moving average of $169.11. The firm has a market capitalization of $46.08 billion, a PE ratio of 10.00, a P/E/G ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last posted 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. The company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7,120,170 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.82 earnings per share. On average, analysts anticipate that D.R. Horton, Inc. will post 14.03 EPS for the current year.

D.R. Horton Increases Dividend

The business 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 of this dividend was Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a yield of 1.11%. D.R. Horton’s payout ratio is presently 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.