Bruce G. Allen Investments LLC Decreases Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Bruce G. Allen Investments LLC lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 30.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 531 shares of the construction company’s stock after selling 231 shares during the period. Bruce G. Allen Investments LLC’s holdings in D.R. Horton were worth $74,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. TCI Wealth Advisors Inc. grew its position in shares of D.R. Horton by 4.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after buying an additional 58 shares during the last quarter. Coldstream Capital Management Inc. increased its position in shares of D.R. Horton by 1.2% during the second quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock worth $739,000 after purchasing an additional 60 shares in the last quarter. Covestor Ltd lifted its holdings in shares of D.R. Horton by 6.6% in the 3rd quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock valued at $203,000 after purchasing an additional 66 shares during the last quarter. Insigneo Advisory Services LLC increased its position in D.R. Horton by 1.9% during the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock worth $695,000 after buying an additional 67 shares during the period. Finally, Azzad Asset Management Inc. ADV boosted its stake in D.R. Horton by 0.8% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company’s stock worth $1,649,000 after purchasing an additional 72 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

DHI stock traded down $3.21 on Friday, reaching $136.69. The company had a trading volume of 2,517,644 shares, compared to its average volume of 2,692,946. The company’s fifty day moving average is $155.00 and its 200 day moving average is $168.46. The company has a market cap of $43.85 billion, a P/E ratio of 9.52, a PEG ratio of 0.57 and a beta of 1.75. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. D.R. Horton, Inc. has a 1 year low of $133.02 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 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 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.45 EPS. On average, research analysts forecast that D.R. Horton, Inc. will post 14.17 earnings per share for the current year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid 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 annualized dividend and a dividend yield of 1.17%. D.R. Horton’s dividend payout ratio is presently 11.14%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Royal Bank of Canada reduced their price objective on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research note on Wednesday, October 30th. Wells Fargo & Company decreased their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Keefe, Bruyette & Woods cut 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. Barclays restated an “equal weight” rating and issued a $170.00 target price (down previously from $192.00) on shares of D.R. Horton in a research note on Wednesday, December 11th. Finally, 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 report on Monday. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $176.67.

Insiders Place Their Bets

In other D.R. Horton 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is owned by corporate insiders.

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.