D.R. Horton, Inc. (NYSE:DHI) Shares Sold by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp decreased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 8.5% in the fourth quarter, Holdings Channel reports. The firm owned 8,421 shares of the construction company’s stock after selling 784 shares during the period. UNIVEST FINANCIAL Corp’s holdings in D.R. Horton were worth $1,177,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC purchased a new position in shares of D.R. Horton in the third quarter worth $1,853,178,000. FMR LLC raised its stake in D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after acquiring an additional 2,442,581 shares during the last quarter. Geode Capital Management LLC grew its stake in D.R. Horton by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock valued at $1,351,435,000 after purchasing an additional 21,073 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of D.R. Horton by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company’s stock valued at $259,857,000 after purchasing an additional 47,678 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of D.R. Horton by 7.3% in the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after purchasing an additional 120,892 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 0.1 %

Shares of NYSE DHI opened at $129.38 on Thursday. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85. 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’s 50-day simple moving average is $133.67 and its 200-day simple moving average is $155.84. The firm has a market cap of $40.77 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The company 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%. D.R. Horton’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.82 EPS. Equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal 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 paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.24%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Analyst Upgrades and Downgrades

DHI has been the topic of several research reports. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. Barclays lowered their price target on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Seaport Res Ptn upgraded D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Finally, StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.