Diversified Trust Co Has $387,000 Holdings in D.R. Horton, Inc. (NYSE:DHI)

Diversified Trust Co cut its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 57.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,768 shares of the construction company's stock after selling 3,806 shares during the quarter. Diversified Trust Co's holdings in D.R. Horton were worth $387,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Coastline Trust Co bought a new position in shares of D.R. Horton in the third quarter valued at $26,000. Rakuten Securities Inc. grew its stake in shares of D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock valued at $33,000 after buying an additional 117 shares in the last quarter. Wolff Wiese Magana LLC lifted its holdings in D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock valued at $40,000 after purchasing an additional 196 shares during the last quarter. Grove Bank & Trust lifted its holdings in D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company's stock valued at $41,000 after purchasing an additional 93 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in D.R. Horton during the 3rd quarter valued at $47,000. 90.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DHI. Keefe, Bruyette & Woods downgraded D.R. Horton from an "outperform" rating to a "market perform" rating and cut their price target for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Raymond James downgraded D.R. Horton from an "outperform" rating to a "market perform" rating in a report on Thursday, November 7th. BTIG Research dropped their target price on D.R. Horton from $190.00 to $186.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. downgraded D.R. Horton from a "neutral" rating to an "underweight" rating and dropped their target price for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Finally, StockNews.com downgraded D.R. Horton from a "hold" rating to a "sell" rating in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $176.93.

D.R. Horton Price Performance

Shares of DHI stock traded down $3.38 on Friday, reaching $136.52. The company had a trading volume of 3,523,308 shares, compared to its average volume of 2,230,016. The stock has a market capitalization of $43.85 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.56 and a beta of 1.71. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a one year low of $133.02 and a one year high of $199.85. The business's 50-day moving average is $154.38 and its 200 day moving average is $168.81.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts' consensus estimates of $4.17 by ($0.25). The company 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 was down 4.7% compared to the same quarter last year. During the same period last year, the company posted $4.45 EPS. Equities research analysts forecast that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.17%. This is an increase from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's dividend payout ratio is currently 11.14%.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.74% of the stock is currently owned by insiders.

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.