Fulton Bank N.A. Sells 3,863 Shares of D.R. Horton, Inc. (NYSE:DHI)

Fulton Bank N.A. reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 16.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,383 shares of the construction company's stock after selling 3,863 shares during the quarter. Fulton Bank N.A.'s holdings in D.R. Horton were worth $2,710,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DHI. Coastline Trust Co acquired a new stake in shares of D.R. Horton in the third quarter valued at approximately $26,000. Rakuten Securities Inc. lifted its holdings in D.R. Horton by 216.7% during the 3rd 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 last quarter. Wolff Wiese Magana LLC boosted its position in D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock worth $40,000 after purchasing an additional 196 shares during the period. Grove Bank & Trust raised its position in shares of D.R. Horton by 76.2% in the third 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 period. Finally, FSA Wealth Management LLC acquired a new stake in shares of D.R. Horton during the 3rd quarter worth about $47,000. Institutional investors and hedge funds own 90.63% of the company's stock.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DHI shares. Evercore ISI lowered their price target on shares of D.R. Horton from $218.00 to $204.00 and set an "outperform" rating on the stock in a report on Wednesday, October 30th. Bank of America lifted their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. UBS Group decreased their price objective on D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a report on Wednesday. Keefe, Bruyette & Woods downgraded D.R. Horton from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. Finally, Royal Bank of Canada lowered their price target on shares of D.R. Horton from $154.00 to $145.00 and set an "underperform" rating on the stock in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $176.67.

D.R. Horton Price Performance

Shares of D.R. Horton stock traded up $2.13 during trading on Wednesday, reaching $139.97. 3,066,552 shares of the company's stock were exchanged, compared to its average volume of 2,791,319. D.R. Horton, Inc. has a 1-year low of $133.02 and a 1-year high of $199.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The firm's 50-day moving average price is $156.17 and its 200 day moving average price is $168.87. The company has a market cap of $44.91 billion, a P/E ratio of 9.75, a PEG ratio of 0.57 and a beta of 1.75.

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. As a group, research analysts anticipate that D.R. Horton, Inc. will post 14.17 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 1.14%. D.R. Horton's dividend payout ratio is 11.14%.

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.