D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,380 shares of the construction company's stock after selling 1,965 shares during the period. Penobscot Investment Management Company Inc.'s holdings in D.R. Horton were worth $4,667,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new stake in D.R. Horton during the 4th quarter valued at about $30,000. Rosenberg Matthew Hamilton grew its position in shares of 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 in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $38,000. Sierra Ocean LLC purchased a new position in D.R. Horton during the fourth quarter worth approximately $43,000. Finally, FSA Wealth Management LLC acquired a new position in D.R. Horton during the third quarter worth $47,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 3.2 %

DHI stock traded down $4.21 during mid-day trading on Friday, reaching $125.87. The company had a trading volume of 2,048,357 shares, compared to its average volume of 2,810,691. 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 $39.66 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. 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 firm has a fifty day simple moving average of $132.91 and a 200 day simple moving average of $155.01.

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D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts' consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.82 EPS. Analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. D.R. Horton's dividend payout ratio is presently 11.31%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. 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. JMP Securities reissued a "market outperform" rating and set a $210.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Wells Fargo & Company lowered their price target on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Finally, Bank of America cut shares of D.R. Horton from a "buy" rating to a "neutral" rating and dropped their price target for the company from $160.00 to $150.00 in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.