Oppenheimer & Co. Inc. Sells 2,811 Shares of D.R. Horton, Inc. (NYSE:DHI)

Oppenheimer & Co. Inc. lowered its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 15.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,851 shares of the construction company's stock after selling 2,811 shares during the period. Oppenheimer & Co. Inc.'s holdings in D.R. Horton were worth $2,076,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of DHI. Coastline Trust Co bought a new stake in D.R. Horton during the third quarter worth $26,000. Rakuten Securities Inc. raised its stake in shares of D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock worth $33,000 after purchasing an additional 117 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of D.R. Horton in the 4th quarter worth about $30,000. FSA Wealth Management LLC bought a new position in D.R. Horton during the third quarter valued at about $47,000. Finally, Ashton Thomas Securities LLC purchased a new stake in D.R. Horton during the third quarter worth about $50,000. Institutional investors own 90.63% of the company's stock.

Analyst Ratings Changes

DHI has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods cut shares of D.R. Horton from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Raymond James downgraded D.R. Horton from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 7th. JMP Securities reiterated a "market outperform" rating and set a $210.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Bank of America cut 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 research note on Monday, January 27th. Finally, Barclays cut their target price on shares of D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $170.93.

D.R. Horton Trading Up 2.7 %

NYSE DHI traded up $3.55 on Thursday, hitting $132.92. The company's stock had a trading volume of 3,498,580 shares, compared to its average volume of 3,722,385. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85. The firm has a market cap of $41.88 billion, a P/E ratio of 9.40, a PEG ratio of 0.54 and a beta of 1.76. The company's 50-day simple moving average is $136.65 and its 200 day simple moving average is $161.73.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating 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 company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the company earned $2.82 EPS. The firm's revenue for the quarter was down 1.5% on a year-over-year basis. Research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's dividend payout ratio (DPR) is 11.31%.

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.