D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lessened its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 58.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,147 shares of the construction company's stock after selling 4,381 shares during the quarter. Blue Trust Inc.'s holdings in D.R. Horton were worth $440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Coastline Trust Co purchased a new stake in D.R. Horton during the 3rd quarter worth about $26,000. Rakuten Securities Inc. grew its holdings in D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock valued at $33,000 after buying an additional 117 shares during the period. Golden State Wealth Management LLC purchased a new stake in D.R. Horton in the 4th quarter valued at about $30,000. FSA Wealth Management LLC purchased a new stake in D.R. Horton in the 3rd quarter valued at about $47,000. Finally, Ashton Thomas Securities LLC purchased a new stake in D.R. Horton in the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Down 2.1 %

Shares of DHI traded down $2.76 during trading on Friday, reaching $125.92. The company's stock had a trading volume of 2,777,046 shares, compared to its average volume of 3,598,174. The company has a fifty day moving average of $139.42 and a two-hundred day moving average of $164.71. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve month high of $199.85. The company has a market cap of $39.68 billion, a price-to-earnings ratio of 8.90, a P/E/G ratio of 0.54 and a beta of 1.76. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $7.12 billion. During the same period in the prior year, the company posted $2.82 EPS. D.R. Horton's quarterly revenue was down 1.5% on a year-over-year basis. On average, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Friday, February 7th. D.R. Horton's dividend payout ratio is currently 11.31%.

Wall Street Analysts Forecast Growth

Several research firms have commented on DHI. JPMorgan Chase & Co. cut D.R. Horton from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $188.00 to $156.00 in a report on Friday, December 13th. StockNews.com upgraded D.R. Horton from a "sell" rating to a "hold" rating in a report on Saturday, January 25th. JMP Securities reiterated a "market outperform" rating and set a $210.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Barclays decreased their target price on D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating for the company in a report on Wednesday, January 22nd. Finally, Wedbush reiterated a "neutral" rating and set a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $170.93.

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.