Denali Advisors LLC Decreases Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Denali Advisors LLC reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 29.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,628 shares of the construction company’s stock after selling 3,604 shares during the period. Denali Advisors LLC’s holdings in D.R. Horton were worth $1,206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Equity Partners boosted its stake in D.R. Horton by 435.6% in the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock valued at $545,000 after acquiring an additional 3,171 shares in the last quarter. KBC Group NV lifted its holdings in shares of D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after purchasing an additional 212,112 shares during the last quarter. Legacy CG LLC acquired a new stake in shares of D.R. Horton in the 3rd quarter worth $4,220,000. Toronto Dominion Bank grew its stake in D.R. Horton by 17.3% during the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock worth $20,025,000 after buying an additional 15,460 shares during the last quarter. Finally, Pensionfund Sabic increased its position in D.R. Horton by 70.2% during the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock valued at $1,356,000 after buying an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DHI. Wedbush reissued a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their price target for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Evercore ISI dropped their price objective 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. Finally, Barclays cut their target price on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Performance

NYSE DHI opened at $128.40 on Thursday. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week high of $199.85. The firm has a market capitalization of $40.46 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The stock’s fifty day moving average is $137.96 and its two-hundred day moving average is $163.42. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the previous year, the company posted $2.82 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. On average, research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current 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 issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. D.R. Horton’s dividend payout ratio is currently 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.