D.A. Davidson & CO. Sells 2,753 Shares of D.R. Horton, Inc. (NYSE:DHI)

D.A. Davidson & CO. reduced its holdings in D.R. Horton, Inc. (NYSE:DHI) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,664 shares of the construction company’s stock after selling 2,753 shares during the quarter. D.A. Davidson & CO.’s holdings in D.R. Horton were worth $10,440,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DHI. Coastline Trust Co acquired a new position in shares of D.R. Horton during the third quarter worth about $26,000. Golden State Wealth Management LLC acquired a new position in shares of D.R. Horton during the fourth quarter worth about $30,000. Rakuten Securities Inc. boosted its position in shares of 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 buying an additional 117 shares during the period. Rosenberg Matthew Hamilton boosted its position in shares of 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 buying an additional 165 shares during the period. Finally, Sierra Ocean LLC acquired a new position in shares of D.R. Horton during the fourth quarter worth about $43,000. 90.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.54% of the company’s stock.

D.R. Horton Stock Performance

DHI opened at $129.71 on Wednesday. D.R. Horton, Inc. has a 12-month low of $125.84 and a 12-month high of $199.85. The stock has a market cap of $40.87 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 0.58 and a beta of 1.76. The business has a 50 day moving average of $140.95 and a 200-day moving average of $165.57. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.82 earnings per share. On average, equities research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Barclays reduced their price objective on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Wedbush reissued a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. Finally, StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average target price of $170.93.

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.