Hudson Canyon Capital Management Trims Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Hudson Canyon Capital Management reduced its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,654 shares of the construction company’s stock after selling 150 shares during the quarter. D.R. Horton comprises 1.4% of Hudson Canyon Capital Management’s investment portfolio, making the stock its 27th biggest position. Hudson Canyon Capital Management’s holdings in D.R. Horton were worth $2,189,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Coastline Trust Co purchased a new position in shares of D.R. Horton during the 3rd quarter valued at $26,000. Rakuten Securities Inc. grew its position in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares in the last quarter. Golden State Wealth Management LLC bought a new position in D.R. Horton in the 4th quarter worth about $30,000. FSA Wealth Management LLC purchased a new stake in shares of D.R. Horton in the 3rd quarter valued at about $47,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of D.R. Horton during the 3rd quarter valued at about $50,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. JMP Securities restated a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Finally, Wedbush reiterated a “neutral” rating and set a $180.00 price objective on shares of D.R. Horton in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Stock Up 1.0 %

Shares of NYSE DHI opened at $130.63 on Tuesday. The firm has a fifty day simple moving average of $141.56 and a two-hundred day simple moving average of $165.91. The firm has a market capitalization of $41.16 billion, a PE ratio of 9.23, 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, Inc. has a 12 month low of $125.84 and a 12 month high of $199.85.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data 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. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the previous year, the firm posted $2.82 EPS. The business’s revenue was down 1.5% on a year-over-year basis. Equities 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. Stockholders of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio is presently 11.31%.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by company insiders.

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.