Argent Capital Management LLC Sells 9,869 Shares of D.R. Horton, Inc. (NYSE:DHI)

Argent Capital Management LLC cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 562,501 shares of the construction company's stock after selling 9,869 shares during the period. D.R. Horton comprises approximately 2.2% of Argent Capital Management LLC's holdings, making the stock its 18th largest position. Argent Capital Management LLC owned approximately 0.18% of D.R. Horton worth $78,649,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DHI. Mountaineer Partners Management LLC bought a new position in D.R. Horton in the third quarter worth approximately $1,853,178,000. FMR LLC raised its holdings 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 purchasing an additional 2,442,581 shares during the period. Zurich Insurance Group Ltd FI bought a new position in D.R. Horton in the 3rd quarter worth $72,672,000. Nordea Investment Management AB lifted its position in D.R. Horton by 112.7% during the fourth quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company's stock valued at $57,255,000 after purchasing an additional 215,947 shares in the last quarter. Finally, KBC Group NV increased its position in D.R. Horton by 360.0% in 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 in the last quarter. 90.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DHI shares. Keefe, Bruyette & Woods cut D.R. Horton from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. UBS Group dropped 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. Evercore ISI decreased their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 30th. Wells Fargo & Company dropped their target price on shares of D.R. Horton from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. Finally, Barclays cut their price target on D.R. Horton from $170.00 to $150.00 and set an "equal weight" rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and an average price target of $175.20.

D.R. Horton Trading Up 0.8 %

DHI stock traded up $1.20 during mid-day trading on Thursday, reaching $146.61. 3,466,093 shares of the stock traded hands, compared to its average volume of 3,227,847. The business has a 50-day moving average price of $152.70 and a two-hundred day moving average price of $168.64. The stock has a market capitalization of $47.04 billion, a PE ratio of 10.21, a PEG ratio of 0.51 and a beta of 1.75. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. D.R. Horton, Inc. has a one year low of $133.02 and a one year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.45 EPS. Equities research analysts expect that D.R. Horton, Inc. will post 14.03 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.09%. The ex-dividend date was Tuesday, November 12th. This is an increase from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's dividend payout ratio is 11.14%.

D.R. Horton Company 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.