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

HighTower Advisors LLC reduced its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 205,335 shares of the construction company's stock after selling 4,797 shares during the quarter. HighTower Advisors LLC owned approximately 0.07% of D.R. Horton worth $28,710,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DHI. Insigneo Advisory Services LLC lifted its stake in shares of D.R. Horton by 1.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company's stock valued at $695,000 after purchasing an additional 67 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of D.R. Horton by 1.0% in the 3rd quarter. Private Trust Co. NA now owns 7,620 shares of the construction company's stock valued at $1,454,000 after purchasing an additional 78 shares during the last quarter. Allworth Financial LP lifted its stake in shares of D.R. Horton by 5.5% in the 4th quarter. Allworth Financial LP now owns 1,561 shares of the construction company's stock valued at $229,000 after purchasing an additional 82 shares during the last quarter. Secure Asset Management LLC lifted its stake in shares of D.R. Horton by 4.8% in the 4th quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company's stock valued at $257,000 after purchasing an additional 84 shares during the last quarter. Finally, Bfsg LLC lifted its stake in shares of D.R. Horton by 24.4% in the 4th quarter. Bfsg LLC now owns 484 shares of the construction company's stock valued at $68,000 after purchasing an additional 95 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

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D.R. Horton Stock Up 2.1 %

DHI stock traded up $2.63 during mid-day trading on Wednesday, reaching $130.48. The company had a trading volume of 3,161,454 shares, compared to its average volume of 2,660,472. 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 $41.12 billion, a price-to-earnings ratio of 9.22, 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 $134.94 and a 200 day simple moving average of $157.98.

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. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the business posted $2.82 EPS. The firm's quarterly revenue was down 1.5% compared to the same quarter last year. 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 declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.23%. D.R. Horton's dividend payout ratio is currently 11.31%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. UBS Group decreased their price target on D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Citigroup decreased their target price on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Keefe, Bruyette & Woods lowered D.R. Horton from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Wedbush reissued a "neutral" rating and set a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. Finally, Wells Fargo & Company decreased their target price on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $170.93.

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.