D.R. Horton, Inc. (NYSE:DHI) Stake Decreased by MTM Investment Management LLC

MTM Investment Management LLC lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,943 shares of the construction company’s stock after selling 164 shares during the period. MTM Investment Management LLC’s holdings in D.R. Horton were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Coastline Trust Co acquired a new position in D.R. Horton in the third quarter worth approximately $26,000. Golden State Wealth Management LLC acquired a new position in D.R. Horton in the fourth quarter worth approximately $30,000. Rakuten Securities Inc. grew its position in D.R. Horton by 216.7% in 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 last quarter. Rosenberg Matthew Hamilton grew its position in D.R. Horton by 152.8% in 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 last quarter. Finally, Wolff Wiese Magana LLC grew its position in D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after buying an additional 196 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Insiders Place Their Bets

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

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. D.R. Horton, Inc. has a 1 year low of $125.84 and a 1 year high of $199.85. The company has a fifty day simple moving average of $143.40 and a 200 day simple moving average of $166.97. The firm has a market cap of $40.26 billion, a PE ratio of 9.03, a PEG ratio of 0.58 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the business earned $2.82 EPS. D.R. Horton’s quarterly revenue was down 1.5% compared to the same quarter last year. Sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS 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. Shareholders of record on Friday, February 7th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Friday, February 7th. D.R. Horton’s dividend payout ratio is 11.31%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DHI. JMP Securities restated a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. 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, January 22nd. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. The Goldman Sachs Group lowered their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, 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. Two research 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, D.R. Horton presently 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.