Mather Group LLC. Sells 87 Shares of D.R. Horton, Inc. (NYSE:DHI)

Mather Group LLC. lessened its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,078 shares of the construction company’s stock after selling 87 shares during the period. Mather Group LLC.’s holdings in D.R. Horton were worth $850,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DHI. Algert Global LLC increased its holdings in D.R. Horton by 11.4% in the second quarter. Algert Global LLC now owns 2,730 shares of the construction company’s stock worth $385,000 after purchasing an additional 280 shares in the last quarter. Czech National Bank grew its position in shares of D.R. Horton by 5.8% during the 3rd quarter. Czech National Bank now owns 59,776 shares of the construction company’s stock worth $11,403,000 after buying an additional 3,297 shares during the period. GAMMA Investing LLC increased its stake in shares of D.R. Horton by 24.1% in the 3rd quarter. GAMMA Investing LLC now owns 4,241 shares of the construction company’s stock valued at $809,000 after acquiring an additional 823 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its position in shares of 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 valued at $1,649,000 after acquiring an additional 72 shares during the period. Finally, Miracle Mile Advisors LLC boosted its stake in D.R. Horton by 2.0% during the third quarter. Miracle Mile Advisors LLC now owns 7,049 shares of the construction company’s stock worth $1,345,000 after acquiring an additional 138 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DHI. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Wedbush reaffirmed a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. The Goldman Sachs Group reduced their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Citigroup lowered their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, BTIG Research reduced their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Trading Up 1.6 %

NYSE:DHI opened at $139.73 on Wednesday. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85. The firm has a 50-day moving average price of $147.52 and a two-hundred day moving average price of $168.69. The firm has a market cap of $44.03 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 0.60 and a beta of 1.76. 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 posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate 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 business 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 firm earned $2.82 earnings per share. The business’s revenue was down 1.5% on a year-over-year basis. On average, equities analysts expect that D.R. Horton, Inc. will post 13.05 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.15%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.54% of the company’s stock.

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.