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

Congress Wealth Management LLC DE cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 51.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,347 shares of the construction company’s stock after selling 10,842 shares during the period. Congress Wealth Management LLC DE’s holdings in D.R. Horton were worth $1,447,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC acquired a new stake in D.R. Horton during the 3rd quarter worth about $1,853,178,000. Raymond James Financial Inc. purchased a new position in D.R. Horton during the 4th quarter worth approximately $98,720,000. Amundi raised its stake in D.R. Horton by 69.1% during the 4th quarter. Amundi now owns 1,358,213 shares of the construction company’s stock valued at $190,014,000 after purchasing an additional 555,122 shares during the period. Zurich Insurance Group Ltd FI purchased a new stake in shares of D.R. Horton in the third quarter valued at $72,672,000. Finally, Proficio Capital Partners LLC boosted its position in shares of D.R. Horton by 22,199.7% in the fourth quarter. Proficio Capital Partners LLC now owns 262,914 shares of the construction company’s stock worth $36,761,000 after buying an additional 261,735 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on DHI. JMP Securities reissued a “market outperform” rating and set a $210.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. UBS Group reduced their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Bank of America downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their target price for the stock from $160.00 to $150.00 in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $170.93.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $130.12 on Friday. The business’s 50-day simple moving average is $133.34 and its 200-day simple moving average is $155.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85. The firm has a market cap of $41.00 billion, a price-to-earnings ratio of 9.20, a P/E/G ratio of 0.54 and a beta of 1.80.

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

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio is 11.31%.

About D.R. Horton

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.