Crossmark Global Holdings Inc. Sells 9,886 Shares of D.R. Horton, Inc. (NYSE:DHI)

Crossmark Global Holdings Inc. cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,478 shares of the construction company’s stock after selling 9,886 shares during the period. Crossmark Global Holdings Inc.’s holdings in D.R. Horton were worth $17,404,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Coastline Trust Co acquired a new position in shares of D.R. Horton in the 3rd quarter valued at $26,000. Rakuten Securities Inc. grew its holdings in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after purchasing an additional 117 shares during the period. Rosenberg Matthew Hamilton grew its holdings in D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after purchasing an additional 165 shares during the period. Wolff Wiese Magana LLC grew its holdings in D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after purchasing an additional 196 shares during the period. Finally, Grove Bank & Trust grew its holdings in D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after purchasing an additional 93 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on DHI shares. Wells Fargo & Company cut their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Wedbush restated a “neutral” rating and set a $180.00 price objective on shares of D.R. Horton in a research report on Friday. The Goldman Sachs Group cut their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Barclays cut their price objective on shares of D.R. Horton from $170.00 to $150.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $176.20.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.54% of the company’s stock.

D.R. Horton Stock Up 0.8 %

Shares of DHI opened at $147.83 on Tuesday. D.R. Horton, Inc. has a one year low of $133.02 and a one year high of $199.85. The company has a market cap of $47.43 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.56 and a beta of 1.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The firm has a 50 day simple moving average of $151.85 and a two-hundred day simple moving average of $169.02.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the prior year, the firm earned $4.45 earnings per share. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. Research analysts forecast that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Tuesday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is presently 11.14%.

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.