Bruce G. Allen Investments LLC Sells 231 Shares of D.R. Horton, Inc. (NYSE:DHI)

Bruce G. Allen Investments LLC lowered its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 30.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 531 shares of the construction company’s stock after selling 231 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in D.R. Horton were worth $74,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DHI. Coastline Trust Co bought a new stake in shares of D.R. Horton during the third quarter valued at approximately $26,000. Rakuten Securities Inc. increased its stake 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 valued at $33,000 after buying an additional 117 shares during the period. Wolff Wiese Magana LLC increased its stake in shares of D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after buying an additional 196 shares during the period. Grove Bank & Trust raised its holdings in shares of D.R. Horton by 76.2% in the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after acquiring an additional 93 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in D.R. Horton in the third quarter worth about $47,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock traded down $3.21 on Friday, hitting $136.69. The company had a trading volume of 2,517,644 shares, compared to its average volume of 2,692,946. The firm has a market cap of $43.85 billion, a P/E ratio of 9.52, a price-to-earnings-growth ratio of 0.57 and a beta of 1.75. D.R. Horton, Inc. has a twelve month low of $133.02 and a twelve month high of $199.85. The company has a 50-day moving average price of $155.00 and a 200-day moving average price of $168.46. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last posted its earnings results 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 net margin of 12.93% and a return on equity of 19.24%. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period last year, the firm earned $4.45 earnings per share. D.R. Horton’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, equities research analysts predict that D.R. Horton, Inc. will post 14.17 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s payout ratio is 11.14%.

Wall Street Analysts Forecast Growth

DHI has been the topic of several research reports. Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Bank of America boosted their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. UBS Group cut their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, BTIG Research cut their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $176.67.

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 legal filing with the SEC, which is available through this link. 0.54% of the stock is owned by company insiders.

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.