D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Inspire Advisors LLC

Inspire Advisors LLC lessened its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 38.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,876 shares of the construction company's stock after selling 3,035 shares during the quarter. Inspire Advisors LLC's holdings in D.R. Horton were worth $682,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Coastline Trust Co purchased a new position in D.R. Horton in the third quarter worth approximately $26,000. Golden State Wealth Management LLC purchased a new position in D.R. Horton in the fourth quarter valued at $30,000. Rakuten Securities Inc. boosted its holdings in 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 purchasing an additional 117 shares during the period. Rosenberg Matthew Hamilton boosted its holdings in D.R. Horton by 152.8% in the fourth 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 period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in D.R. Horton in the fourth quarter valued at $38,000. Institutional investors and hedge funds own 90.63% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on DHI shares. Citigroup cut their target price on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. StockNews.com raised D.R. Horton from a "sell" rating to a "hold" rating in a report on Saturday, January 25th. Bank of America lowered D.R. Horton from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $160.00 to $150.00 in a report on Monday, January 27th. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, Wedbush restated a "neutral" rating and set a $180.00 price objective on shares of D.R. Horton in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $170.93.

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D.R. Horton Trading Down 0.9 %

Shares of DHI opened at $132.70 on Wednesday. The stock has a fifty day moving average of $136.11 and a two-hundred day moving average of $160.12. 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 company has a market capitalization of $41.82 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week high of $199.85.

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

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued 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 dividend yield of 1.21%. D.R. Horton's payout ratio is 11.31%.

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.

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