Hollencrest Capital Management Lowers Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Hollencrest Capital Management lessened its position in D.R. Horton, Inc. (NYSE:DHI) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,125 shares of the construction company’s stock after selling 120 shares during the quarter. Hollencrest Capital Management’s holdings in D.R. Horton were worth $157,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DHI. Coastline Trust Co purchased a new position in shares of D.R. Horton in the third quarter valued at approximately $26,000. Golden State Wealth Management LLC purchased a new position in shares of D.R. Horton in the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. lifted its position in shares of D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after acquiring an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after acquiring an additional 165 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of D.R. Horton in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DHI shares. Royal Bank of Canada restated an “underperform” rating and issued a $125.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Wedbush reaffirmed a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. Wells Fargo & Company cut 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. JMP Securities reaffirmed a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, Barclays cut their price target on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Trading Down 2.8 %

DHI opened at $128.83 on Thursday. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85. The business has a fifty day simple moving average of $135.89 and a 200-day simple moving average of $159.90. The firm has a market cap of $40.60 billion, a P/E ratio of 9.10, a P/E/G ratio of 0.54 and a beta of 1.80. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS 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 during the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the business posted $2.82 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. On average, equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.24%. D.R. Horton’s dividend payout ratio is currently 11.31%.

About D.R. Horton

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.