D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,380 shares of the construction company’s stock after selling 1,965 shares during the period. Penobscot Investment Management Company Inc.’s holdings in D.R. Horton were worth $4,667,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in D.R. Horton in the fourth quarter valued at approximately $30,000. Rosenberg Matthew Hamilton raised its position in D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after purchasing an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in D.R. Horton during the 4th quarter worth $38,000. Sierra Ocean LLC purchased a new position in D.R. Horton during the 4th quarter worth $43,000. Finally, FSA Wealth Management LLC acquired a new position in D.R. Horton in the third quarter valued at $47,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on DHI. Bank of America lowered D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $160.00 to $150.00 in a report on Monday, January 27th. The Goldman Sachs Group dropped their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $125.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Finally, Wedbush restated a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Price Performance

D.R. Horton stock opened at $129.55 on Wednesday. The firm has a market capitalization of $40.82 billion, a PE ratio of 9.16, a P/E/G ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85. The firm’s 50-day simple moving average is $134.00 and its 200 day simple moving average is $156.03. 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 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. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the firm earned $2.82 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.24%. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

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.