D.A. Davidson & CO. Has $10.44 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

D.A. Davidson & CO. trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 3.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 74,664 shares of the construction company's stock after selling 2,753 shares during the period. D.A. Davidson & CO.'s holdings in D.R. Horton were worth $10,440,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DHI. Coastline Trust Co bought a new position in D.R. Horton during the 3rd quarter valued at about $26,000. Golden State Wealth Management LLC bought a new position in D.R. Horton during the 4th quarter valued at about $30,000. Rakuten Securities Inc. lifted its holdings in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock valued at $33,000 after purchasing an additional 117 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock valued at $38,000 after purchasing an additional 165 shares during the last quarter. Finally, Sierra Ocean LLC bought a new position in D.R. Horton during the 4th quarter valued at about $43,000. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

Shares of DHI stock traded down $2.76 on Friday, hitting $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 debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The stock's 50 day moving average is $139.42 and its 200-day moving average is $164.71. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week high of $199.85. The company has a market capitalization of $39.68 billion, a PE ratio of 8.90, a PEG ratio of 0.54 and a beta of 1.76.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the company posted $2.82 earnings per share. D.R. Horton's revenue was down 1.5% compared to the same quarter last year. Equities research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.27%. D.R. Horton's payout ratio is 11.31%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DHI. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. cut shares of D.R. Horton from a "neutral" rating to an "underweight" rating and decreased their price objective for the company from $188.00 to $156.00 in a report on Friday, December 13th. The Goldman Sachs Group cut their price target on shares of D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Bank of America lowered shares of D.R. Horton from a "buy" rating to a "neutral" rating and cut their price target for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Finally, Barclays cut 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 research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price 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.