D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 51.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,347 shares of the construction company's stock after selling 10,842 shares during the period. Congress Wealth Management LLC DE's holdings in D.R. Horton were worth $1,447,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Mountaineer Partners Management LLC purchased a new stake in D.R. Horton during the third quarter valued at about $1,853,178,000. Geode Capital Management LLC grew its holdings in shares of D.R. Horton by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company's stock worth $1,351,435,000 after purchasing an additional 21,073 shares during the period. Charles Schwab Investment Management Inc. increased its position in D.R. Horton by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company's stock worth $259,857,000 after purchasing an additional 47,678 shares in the last quarter. Principal Financial Group Inc. raised its holdings in D.R. Horton by 7.3% in the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock valued at $339,174,000 after buying an additional 120,892 shares during the period. Finally, Holocene Advisors LP lifted its position in D.R. Horton by 12.3% during the third quarter. Holocene Advisors LP now owns 1,513,734 shares of the construction company's stock valued at $288,775,000 after buying an additional 165,997 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. JMP Securities reissued a "market outperform" rating and issued a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Barclays cut their price objective on D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 22nd. Citigroup decreased their target price on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. cut D.R. Horton from a "neutral" rating to an "underweight" rating and decreased their price target for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, D.R. Horton presently has an average rating of "Hold" and a consensus price target of $170.93.

D.R. Horton Stock Performance

DHI traded up $0.13 during trading hours on Tuesday, hitting $127.26. 2,112,403 shares of the stock were exchanged, compared to its average volume of 2,809,303. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85. The stock has a 50-day simple moving average of $132.16 and a 200-day simple moving average of $153.89. The stock has a market cap of $40.10 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI - Get Free Report) last posted 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. The business had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.82 EPS. Analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's dividend payout ratio (DPR) is 11.31%.

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.