Brookstone Capital Management Decreases Stake in D.R. Horton, Inc. (NYSE:DHI)

Brookstone Capital Management lowered its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 12.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,029 shares of the construction company's stock after selling 1,906 shares during the period. Brookstone Capital Management's holdings in D.R. Horton were worth $1,822,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. TCI Wealth Advisors Inc. grew its holdings in shares of D.R. Horton by 4.1% during the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company's stock worth $284,000 after purchasing an additional 58 shares during the last quarter. Covestor Ltd boosted its position in D.R. Horton by 6.6% during the 3rd quarter. Covestor Ltd now owns 1,064 shares of the construction company's stock worth $203,000 after buying an additional 66 shares during the period. Insigneo Advisory Services LLC grew its holdings in D.R. Horton by 1.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company's stock worth $695,000 after acquiring an additional 67 shares during the last quarter. Azzad Asset Management Inc. ADV increased its position in D.R. Horton by 0.8% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company's stock valued at $1,649,000 after acquiring an additional 72 shares during the period. Finally, Demars Financial Group LLC raised its stake in shares of D.R. Horton by 3.5% during the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company's stock valued at $419,000 after acquiring an additional 74 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $145.47 on Thursday. D.R. Horton, Inc. has a twelve month low of $133.02 and a twelve month high of $199.85. The stock's 50 day moving average is $153.12 and its 200-day moving average is $168.80. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $46.67 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 0.56 and a beta of 1.75.

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

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Tuesday, November 12th. D.R. Horton's payout ratio is currently 11.14%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DHI shares. StockNews.com cut shares of D.R. Horton from a "hold" rating to a "sell" rating in a research note on Thursday, January 9th. The Goldman Sachs Group reduced their price target on D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a research report on Tuesday. Raymond James cut D.R. Horton from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 7th. Bank of America lifted their price objective on D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Finally, Royal Bank of Canada decreased their target price on shares of D.R. Horton from $154.00 to $145.00 and set an "underperform" rating for the company in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and an average target price of $176.53.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.54% of the company's stock.

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.