Steward Partners Investment Advisory LLC Sells 3,254 Shares of D.R. Horton, Inc. (NYSE:DHI)

Steward Partners Investment Advisory LLC cut its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 9.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,667 shares of the construction company's stock after selling 3,254 shares during the period. Steward Partners Investment Advisory LLC's holdings in D.R. Horton were worth $4,288,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd lifted its stake in D.R. Horton by 6.6% in the third quarter. Covestor Ltd now owns 1,064 shares of the construction company's stock worth $203,000 after purchasing an additional 66 shares during the last quarter. Insigneo Advisory Services LLC lifted its stake in D.R. Horton by 1.9% in the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company's stock worth $695,000 after purchasing an additional 67 shares during the last quarter. Demars Financial Group LLC lifted its stake in D.R. Horton by 3.5% in the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company's stock worth $419,000 after purchasing an additional 74 shares during the last quarter. Private Trust Co. NA lifted its stake in D.R. Horton by 1.0% in the third quarter. Private Trust Co. NA now owns 7,620 shares of the construction company's stock worth $1,454,000 after purchasing an additional 78 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in D.R. Horton by 5.5% in the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company's stock worth $229,000 after purchasing an additional 82 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms have weighed in on DHI. UBS Group lowered their price target on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a "neutral" rating to an "underweight" rating and lowered their price target for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Wedbush reaffirmed a "neutral" rating and set a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Finally, The Goldman Sachs Group lowered their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $170.93.

D.R. Horton Trading Down 0.4 %

DHI stock traded down $0.54 during trading on Friday, reaching $133.42. The company had a trading volume of 4,496,628 shares, compared to its average volume of 2,672,260. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85. The company has a market cap of $42.04 billion, a P/E ratio of 9.43, a PEG ratio of 0.54 and a beta of 1.80. The business has a 50 day moving average of $136.37 and a 200 day moving average of $160.90. 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 (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 12.69% and a return on equity of 18.48%. D.R. Horton's revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.82 earnings per share. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Friday, February 7th. D.R. Horton's dividend payout ratio (DPR) is presently 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.