D.R. Horton, Inc. (NYSE:DHI) Shares Sold by TFB Advisors LLC

TFB Advisors LLC reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 5.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,569 shares of the construction company’s stock after selling 195 shares during the period. TFB Advisors LLC’s holdings in D.R. Horton were worth $499,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Mountaineer Partners Management LLC purchased a new stake in D.R. Horton in the third quarter valued at approximately $1,853,178,000. FMR LLC increased its holdings in shares of 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 during the period. Zurich Insurance Group Ltd FI purchased a new stake in D.R. Horton in the 3rd quarter valued at $72,672,000. Nordea Investment Management AB boosted its stake 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 worth $57,255,000 after purchasing an additional 215,947 shares during the period. Finally, KBC Group NV grew its position 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 worth $51,706,000 after purchasing an additional 212,112 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

DHI has been the subject of a number of research reports. Bank of America cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and reduced their target price for the company from $160.00 to $150.00 in a report on Monday, January 27th. The Goldman Sachs Group decreased their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $188.00 to $156.00 in a report on Friday, December 13th. Evercore ISI cut their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Down 2.2 %

DHI stock opened at $127.77 on Thursday. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $143.40 and its 200 day moving average price is $166.97. D.R. Horton, Inc. has a 52 week low of $125.84 and a 52 week high of $199.85. The company has a market cap of $40.26 billion, a P/E ratio of 9.03, a P/E/G ratio of 0.58 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last released its quarterly 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 business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.82 EPS. On average, research analysts expect 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 declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 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.