Private Advisor Group LLC Sells 685 Shares of D.R. Horton, Inc. (NYSE:DHI)

Private Advisor Group LLC lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,375 shares of the construction company’s stock after selling 685 shares during the period. Private Advisor Group LLC’s holdings in D.R. Horton were worth $3,408,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Alberta Investment Management Corp increased its holdings in shares of D.R. Horton by 35.0% in the 4th quarter. Alberta Investment Management Corp now owns 2,700 shares of the construction company’s stock worth $378,000 after purchasing an additional 700 shares in the last quarter. Legacy Solutions LLC bought a new stake in D.R. Horton in the 4th quarter worth about $324,000. Lyell Wealth Management LP raised its position in D.R. Horton by 1.9% in the 4th quarter. Lyell Wealth Management LP now owns 108,834 shares of the construction company’s stock worth $15,217,000 after buying an additional 2,065 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its position in D.R. Horton by 15.8% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 10,064 shares of the construction company’s stock worth $1,407,000 after buying an additional 1,376 shares during the last quarter. Finally, Creative Capital Management Investments LLC bought a new position in D.R. Horton during the 4th quarter valued at about $63,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 2.1 %

Shares of DHI opened at $125.92 on Monday. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85. The stock’s 50-day moving average price is $138.94 and its 200-day moving average price is $164.28. The company has a market capitalization of $39.68 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 0.54 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the firm posted $2.82 EPS. The business’s revenue was down 1.5% on a year-over-year basis. On average, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Analyst Ratings Changes

Several research firms have recently weighed in on DHI. Bank of America cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $160.00 to $150.00 in a report on Monday, January 27th. Barclays reduced their price objective on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Citigroup lowered their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. JMP Securities reiterated a “market outperform” rating and set a $210.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Finally, Evercore ISI lowered their price target on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and a consensus target price of $170.93.

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.