Strengthening Families & Communities LLC Has $1.28 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Strengthening Families & Communities LLC cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,132 shares of the construction company’s stock after selling 659 shares during the period. Strengthening Families & Communities LLC’s holdings in D.R. Horton were worth $1,277,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Mountaineer Partners Management LLC bought a new position in D.R. Horton in the third quarter valued at about $1,853,178,000. FMR LLC lifted its position in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares during the period. Zurich Insurance Group Ltd FI bought a new position in shares of D.R. Horton in the 3rd quarter valued at about $72,672,000. Nordea Investment Management AB grew its position in shares of D.R. Horton by 112.7% during the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock worth $57,255,000 after buying an additional 215,947 shares during the period. Finally, KBC Group NV raised its stake in shares of D.R. Horton by 360.0% during the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after buying an additional 212,112 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Evercore ISI lowered their target price on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. 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 report on Tuesday, December 10th. The Goldman Sachs Group reduced their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Wells Fargo & Company lowered their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Finally, Royal Bank of Canada reissued an “underperform” rating and set a $125.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $170.93.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is owned by company insiders.

D.R. Horton Trading Up 0.9 %

NYSE:DHI opened at $130.13 on Tuesday. The business has a 50 day moving average price of $144.87 and a two-hundred day moving average price of $167.60. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. 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. D.R. Horton, Inc. has a twelve month low of $127.47 and a twelve month high of $199.85.

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 analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.82 earnings per share. As a group, analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a $0.40 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. D.R. Horton’s dividend payout ratio (DPR) is currently 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.