D.R. Horton, Inc. (NYSE:DHI) Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB reduced its stake in D.R. Horton, Inc. (NYSE:DHI) by 9.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,238 shares of the construction company’s stock after selling 122 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in D.R. Horton were worth $173,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Coastline Trust Co purchased a new position in shares of D.R. Horton during the 3rd quarter worth $26,000. Rakuten Securities Inc. grew its holdings in shares of D.R. Horton by 216.7% during the 3rd 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 shares of D.R. Horton by 152.8% during the 4th 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 shares of D.R. Horton by 1,306.7% during the 3rd 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 shares of D.R. Horton by 76.2% during the 3rd 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 hedge funds and other institutional investors.

Analyst Ratings Changes

DHI has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Evercore ISI lowered their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a research report on Wednesday. JMP Securities reaffirmed a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a research report on Wednesday. Finally, Wedbush reaffirmed a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $174.53.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.54% of the stock is currently owned by company insiders.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $147.01 on Thursday. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 1 year low of $133.02 and a 1 year high of $199.85. The business has a fifty day simple moving average of $151.09 and a 200 day simple moving average of $169.16. The firm has a market cap of $47.17 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last announced 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 19.24% and a net margin of 12.93%. The business had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7,120,170 billion. During the same period last year, the company earned $2.82 earnings per share. D.R. Horton’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 13.97 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 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.