D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its position in 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 firm owned 124,478 shares of the construction company’s stock after selling 9,886 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in D.R. Horton were worth $17,404,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mountaineer Partners Management LLC acquired a new position in shares of D.R. Horton in the 3rd quarter worth approximately $1,853,178,000. FMR LLC boosted its position in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in D.R. Horton during the 3rd quarter valued at approximately $72,672,000. Nordea Investment Management AB boosted its position in D.R. Horton by 112.7% during the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock valued at $57,255,000 after purchasing an additional 215,947 shares during the period. Finally, KBC Group NV raised its stake in D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after acquiring an additional 212,112 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. BTIG Research cut their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Evercore ISI cut their target price on 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. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Friday. Finally, UBS Group lowered their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $176.20.

D.R. Horton Stock Performance

DHI opened at $147.83 on Tuesday. The company has a market cap of $47.43 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. The stock has a 50-day moving average of $151.85 and a 200-day moving average of $169.02. D.R. Horton, Inc. has a 52-week low of $133.02 and a 52-week high of $199.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32.

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

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend 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 currently 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.