D.A. Davidson & CO. Sells 4,705 Shares of D.R. Horton, Inc. (NYSE:DHI)

D.A. Davidson & CO. cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 5.7% in the 3rd quarter, Holdings Channel reports. The firm owned 77,417 shares of the construction company’s stock after selling 4,705 shares during the period. D.A. Davidson & CO.’s holdings in D.R. Horton were worth $14,769,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bfsg LLC raised its holdings in D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after purchasing an additional 74 shares in the last quarter. Coastline Trust Co bought a new position in D.R. Horton in the 3rd quarter worth $26,000. Signature Resources Capital Management LLC bought a new position in D.R. Horton in the 2nd quarter worth $31,000. Rakuten Securities Inc. grew its position in shares of D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares during the period. Finally, Wolff Wiese Magana LLC grew its position in shares of D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after buying an additional 196 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred 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 SEC, which is available at the SEC website. Company insiders own 1.74% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays reduced their target price on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Bank of America upped their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Evercore ISI reduced their target price on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Citigroup reduced their target price on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $185.87.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $168.68 on Wednesday. The firm’s 50-day moving average price is $178.80 and its 200-day moving average price is $167.89. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The company has a market cap of $54.17 billion, a PE ratio of 11.75, a PEG ratio of 0.59 and a beta of 1.74. D.R. Horton, Inc. has a 52-week low of $125.28 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $4.45 EPS. As a group, analysts anticipate that D.R. Horton, Inc. will post 14.4 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

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.