Busey Bank Sells 151 Shares of D.R. Horton, Inc. (NYSE:DHI)

Busey Bank lessened its stake in D.R. Horton, Inc. (NYSE:DHIFree Report) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,885 shares of the construction company’s stock after selling 151 shares during the quarter. Busey Bank’s holdings in D.R. Horton were worth $264,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Algert Global LLC raised its stake in D.R. Horton by 11.4% in the 2nd quarter. Algert Global LLC now owns 2,730 shares of the construction company’s stock valued at $385,000 after acquiring an additional 280 shares during the period. Creative Planning lifted its stake in shares of D.R. Horton by 1.8% during the 2nd quarter. Creative Planning now owns 37,322 shares of the construction company’s stock valued at $5,260,000 after buying an additional 670 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in D.R. Horton by 8.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 17,685 shares of the construction company’s stock worth $2,493,000 after buying an additional 1,422 shares during the period. NewEdge Advisors LLC grew its stake in D.R. Horton by 67.2% in the 2nd quarter. NewEdge Advisors LLC now owns 10,682 shares of the construction company’s stock valued at $1,505,000 after buying an additional 4,295 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in D.R. Horton by 5.5% in the 2nd quarter. EP Wealth Advisors LLC now owns 7,345 shares of the construction company’s stock worth $1,035,000 after purchasing an additional 384 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

D.R. Horton stock opened at $145.94 on Friday. D.R. Horton, Inc. has a 1-year low of $133.02 and a 1-year high of $199.85. The firm has a market cap of $46.82 billion, a P/E ratio of 10.31, a P/E/G ratio of 0.56 and a beta of 1.75. The company has a current ratio of 6.92, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average of $148.99 and a 200-day moving average of $169.05.

D.R. Horton (NYSE:DHIGet Free Report) last issued its quarterly earnings data 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 firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company earned $2.82 EPS. Sell-side analysts expect that D.R. Horton, Inc. will post 13.87 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. D.R. Horton’s dividend payout ratio is 11.31%.

Wall Street Analyst Weigh In

DHI has been the subject of several research analyst reports. Keefe, Bruyette & Woods lowered 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 note on Tuesday, December 10th. Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Evercore ISI lowered their price objective on shares of 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. Wells Fargo & Company cut 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. Finally, Bank of America downgraded D.R. Horton from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $160.00 to $150.00 in a research report on Monday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $170.20.

Read Our Latest Stock Report on DHI

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the firm’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 this hyperlink. Insiders own 0.54% of the company’s stock.

D.R. Horton Profile

(Free Report)

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.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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