DMC Group LLC Has $474,000 Position in D.R. Horton, Inc. (NYSE:DHI)

DMC Group LLC lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 19.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,390 shares of the construction company’s stock after selling 799 shares during the period. DMC Group LLC’s holdings in D.R. Horton were worth $474,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. KBC Group NV raised its position 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 last quarter. Legacy CG LLC acquired a new position in shares of D.R. Horton in the third quarter valued at $4,220,000. Toronto Dominion Bank lifted its position in D.R. Horton by 17.3% in the third quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock worth $20,025,000 after purchasing an additional 15,460 shares during the period. Pensionfund Sabic boosted its stake in D.R. Horton by 70.2% during the fourth quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock worth $1,356,000 after buying an additional 4,000 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in D.R. Horton by 904.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock valued at $7,795,000 after buying an additional 36,780 shares during the period. 90.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DHI shares. Wedbush reiterated a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. UBS Group decreased their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Royal Bank of Canada reissued an “underperform” rating and set a $125.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Two investment 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $170.20.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $141.85 on Thursday. The firm has a fifty day moving average of $149.42 and a two-hundred day moving average of $169.24. The stock has a market capitalization of $45.51 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 0.56 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.61 and a current ratio of 6.92. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.82 EPS. As a group, equities research analysts predict that D.R. Horton, Inc. will post 13.87 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Friday, February 7th. D.R. Horton’s payout ratio is presently 11.31%.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated Thursday, November 21st. The shares were 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 SEC, which is available through this link. 0.54% of the stock is owned by corporate insiders.

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.