D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Evoke Wealth LLC

Evoke Wealth LLC lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.1% during the fourth quarter, Holdings Channel reports. The firm owned 2,079 shares of the construction company’s stock after selling 89 shares during the quarter. Evoke Wealth LLC’s holdings in D.R. Horton were worth $291,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Horizon Investments LLC grew its holdings in shares of D.R. Horton by 1.7% during the fourth quarter. Horizon Investments LLC now owns 5,503 shares of the construction company’s stock worth $767,000 after buying an additional 91 shares during the last quarter. Curio Wealth LLC purchased a new position in shares of D.R. Horton during the fourth quarter worth about $112,000. Cibc World Markets Corp grew its holdings in shares of D.R. Horton by 15.1% during the fourth quarter. Cibc World Markets Corp now owns 46,066 shares of the construction company’s stock worth $6,441,000 after buying an additional 6,060 shares during the last quarter. Glenview Trust co grew its holdings in shares of D.R. Horton by 69.9% during the fourth quarter. Glenview Trust co now owns 10,184 shares of the construction company’s stock worth $1,424,000 after buying an additional 4,191 shares during the last quarter. Finally, Corient Private Wealth LLC grew its holdings in shares of D.R. Horton by 107.0% during the fourth quarter. Corient Private Wealth LLC now owns 197,920 shares of the construction company’s stock worth $27,674,000 after buying an additional 102,288 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Up 2.1 %

Shares of D.R. Horton stock opened at $130.48 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a 1 year low of $124.23 and a 1 year high of $199.85. The company has a market capitalization of $41.12 billion, a P/E ratio of 9.22, a P/E/G ratio of 0.54 and a beta of 1.80. The business has a 50 day moving average price of $134.75 and a 200 day moving average price of $157.79.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (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 firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the firm posted $2.82 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. Sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.23%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DHI shares. Bank of America lowered D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $160.00 to $150.00 in a report on Monday, January 27th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Wells Fargo & Company lowered their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Finally, Barclays decreased their price target on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and a consensus price target of $170.93.

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.