MTM Investment Management LLC Sells 164 Shares of D.R. Horton, Inc. (NYSE:DHI)

MTM Investment Management LLC lowered its holdings in D.R. Horton, Inc. (NYSE:DHI) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,943 shares of the construction company’s stock after selling 164 shares during the quarter. MTM Investment Management LLC’s holdings in D.R. Horton were worth $272,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DHI. Mountaineer Partners Management LLC bought a new stake in D.R. Horton in the third quarter valued at about $1,853,178,000. FMR LLC grew its stake in D.R. Horton by 44.7% during the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after buying an additional 2,442,581 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in D.R. Horton during the third quarter worth about $72,672,000. Nordea Investment Management AB grew its stake in D.R. Horton by 112.7% during the fourth quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock worth $57,255,000 after buying an additional 215,947 shares during the last quarter. Finally, KBC Group NV grew its stake in D.R. Horton by 360.0% during the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after buying an additional 212,112 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Wedbush reaffirmed a “neutral” rating and set a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. The Goldman Sachs Group reduced their target price on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $160.00 to $150.00 in a research report on Monday, January 27th. Royal Bank of Canada reiterated an “underperform” rating and set a $125.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Finally, 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. 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. According to MarketBeat, D.R. Horton presently has an average rating of “Hold” and an average target price of $170.93.

D.R. Horton Stock Down 2.2 %

D.R. Horton stock opened at $127.77 on Thursday. The company has a market cap of $40.26 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76. D.R. Horton, Inc. has a 1-year low of $125.84 and a 1-year high of $199.85. The company has a fifty day simple moving average of $143.40 and a 200 day simple moving average of $166.97. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.82 earnings per share. Research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders 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 1.25%. The ex-dividend date is Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 11.31%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate 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.