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

Hartford Investment Management Co. trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,022 shares of the construction company’s stock after selling 466 shares during the period. Hartford Investment Management Co.’s holdings in D.R. Horton were worth $2,520,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DHI. TCI Wealth Advisors Inc. boosted its stake in D.R. Horton by 4.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after acquiring an additional 58 shares during the last quarter. Covestor Ltd increased its holdings in shares of D.R. Horton by 6.6% in the 3rd quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after acquiring an additional 66 shares during the period. Insigneo Advisory Services LLC increased its stake in D.R. Horton by 1.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after buying an additional 67 shares during the period. Demars Financial Group LLC grew its stake in shares of D.R. Horton by 3.5% in the 3rd quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock worth $419,000 after purchasing an additional 74 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in shares of D.R. Horton by 1.0% in the 3rd quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock worth $1,454,000 after purchasing an additional 78 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Trading Down 2.2 %

Shares of DHI stock opened at $127.77 on Thursday. D.R. Horton, Inc. has a 52-week low of $125.84 and a 52-week high of $199.85. The stock has a market cap of $40.26 billion, a price-to-earnings ratio of 9.03, a P/E/G ratio of 0.58 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The firm has a fifty day moving average of $143.40 and a 200-day moving average of $166.97.

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, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the prior year, the company posted $2.82 EPS. The business’s revenue was down 1.5% on a year-over-year basis. On average, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Friday, February 7th. D.R. Horton’s payout ratio is 11.31%.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group cut their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Evercore ISI lowered their price objective 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. Bank of America downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $160.00 to $150.00 in a research report on Monday, January 27th. Wells Fargo & Company lowered their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Finally, JMP Securities reissued a “market outperform” rating and issued a $210.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and an average price target of $170.93.

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.