D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Endowment Wealth Management Inc.

Endowment Wealth Management Inc. lowered its stake in D.R. Horton, Inc. (NYSE:DHI) by 5.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,197 shares of the construction company’s stock after selling 129 shares during the quarter. Endowment Wealth Management Inc.’s holdings in D.R. Horton were worth $307,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after buying an additional 120,892 shares in the last quarter. Fiera Capital Corp purchased a new position in shares of D.R. Horton in the third quarter worth about $248,000. Verdence Capital Advisors LLC grew its stake in D.R. Horton by 4.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,959 shares of the construction company’s stock valued at $564,000 after acquiring an additional 136 shares in the last quarter. Atria Investments Inc increased its holdings in shares of D.R. Horton by 6.4% in the third quarter. Atria Investments Inc now owns 58,847 shares of the construction company’s stock valued at $11,226,000 after purchasing an additional 3,544 shares during the last quarter. Finally, Covestor Ltd increased its stake in shares of D.R. Horton by 6.6% in the 3rd quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after acquiring an additional 66 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Up 0.4 %

D.R. Horton stock opened at $133.97 on Tuesday. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve month high of $199.85. 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 stock has a 50 day moving average of $136.26 and a two-hundred day moving average of $160.54. The stock has a market capitalization of $42.22 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. The business had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.82 earnings per share. As a group, research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

Analysts Set New Price Targets

Several research firms have recently weighed in on DHI. Barclays dropped their price target on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Wells Fargo & Company decreased their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. The Goldman Sachs Group reduced their target price on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $170.93.

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.