Busey Bank Lowers Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Busey Bank lowered its stake in D.R. Horton, Inc. (NYSE:DHI) by 7.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,885 shares of the construction company’s stock after selling 151 shares during the period. Busey Bank’s holdings in D.R. Horton were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DHI. Coastline Trust Co purchased a new stake in shares of D.R. Horton in the third quarter worth $26,000. Rakuten Securities Inc. grew its position in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares during the last quarter. Rosenberg Matthew Hamilton increased its stake in D.R. Horton by 152.8% during 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 in the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after buying an additional 196 shares in the last quarter. Finally, Grove Bank & Trust grew its holdings in shares of D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after buying an additional 93 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Insiders Place Their Bets

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton 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 the SEC website. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Evercore ISI decreased their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $188.00 to $156.00 in a report on Friday, December 13th. The Goldman Sachs Group dropped their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Finally, UBS Group reduced their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $170.20.

D.R. Horton Trading Up 2.8 %

Shares of DHI stock opened at $145.94 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.61. The company has a market cap of $46.82 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 0.56 and a beta of 1.75. D.R. Horton, Inc. has a 1 year low of $133.02 and a 1 year high of $199.85. The firm has a fifty day moving average price of $148.99 and a 200-day moving average price of $169.05.

D.R. Horton (NYSE:DHI) last released 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 return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the company posted $2.82 earnings per share. D.R. Horton’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities analysts predict that D.R. Horton, Inc. will post 13.87 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 11.31%.

About D.R. Horton

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.