MassMutual Private Wealth & Trust FSB Reduces Holdings in D.R. Horton, Inc. (NYSE:DHI)

MassMutual Private Wealth & Trust FSB lowered its position in D.R. Horton, Inc. (NYSE:DHI) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Mountaineer Partners Management LLC purchased a new position in D.R. Horton in the 3rd quarter valued at $1,853,178,000. FMR LLC grew its position in D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after acquiring an additional 2,442,581 shares in the last quarter. Geode Capital Management LLC grew its position in D.R. Horton by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock valued at $1,351,435,000 after acquiring an additional 21,073 shares in the last quarter. Smead Capital Management Inc. boosted its stake in shares of D.R. Horton by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock valued at $480,106,000 after buying an additional 84,835 shares during the period. Finally, Earnest Partners LLC boosted its stake in shares of D.R. Horton by 0.4% in the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock valued at $290,901,000 after buying an additional 9,137 shares during the period. Hedge funds and other 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 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 value of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Stock Performance

NYSE DHI opened at $147.01 on Thursday. The company has a market capitalization of $47.17 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The company has a 50-day simple moving average of $151.09 and a 200 day simple moving average of $169.16. D.R. Horton, Inc. has a 52-week low of $133.02 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7,120,170 billion. During the same period last year, the firm posted $2.82 earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. On average, research analysts predict that D.R. Horton, Inc. will post 13.97 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.09%. The ex-dividend date is Friday, February 7th. D.R. Horton’s dividend payout ratio is 11.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DHI shares. Wells Fargo & Company decreased their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Royal Bank of Canada restated an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a research report on Wednesday. Barclays decreased their price objective on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Evercore ISI decreased their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $174.53.

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.