Quotient Wealth Partners LLC Sells 136 Shares of D.R. Horton, Inc. (NYSE:DHI)

Quotient Wealth Partners LLC lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 8.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,555 shares of the construction company’s stock after selling 136 shares during the period. Quotient Wealth Partners LLC’s holdings in D.R. Horton were worth $217,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Coastline Trust Co acquired a new stake in shares of D.R. Horton during the third quarter valued at about $26,000. Rakuten Securities Inc. raised its holdings in D.R. Horton by 216.7% in the 3rd 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 last quarter. Wolff Wiese Magana LLC boosted its position in D.R. Horton by 1,306.7% during the 3rd 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 period. Golden State Wealth Management LLC bought a new stake in D.R. Horton during the 4th quarter worth approximately $30,000. Finally, Grove Bank & Trust increased its position in D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after acquiring an additional 93 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the topic of a number of recent research reports. JMP Securities reiterated a “market outperform” rating and set a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Citigroup cut their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price target for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Wedbush reaffirmed a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Finally, Wells Fargo & Company decreased their target price on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company 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 assigned a buy rating to the stock. According to MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Trading Up 0.9 %

DHI opened at $130.13 on Tuesday. The company has a fifty day moving average price of $144.87 and a two-hundred day moving average price of $167.60. D.R. Horton, Inc. has a 1-year low of $127.47 and a 1-year high of $199.85. The company has a market cap of $41.01 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76. 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 (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The business had revenue of $7.61 billion during 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 firm’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.82 EPS. Analysts predict 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. Investors of record on Friday, February 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 11.31%.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the business’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 transaction of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by insiders.

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.