Wells Fargo & Company MN Has $133.95 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Wells Fargo & Company MN trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 25.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 957,993 shares of the construction company's stock after selling 319,974 shares during the quarter. Wells Fargo & Company MN owned about 0.30% of D.R. Horton worth $133,947,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in DHI. Lynwood Price Capital Management LP bought a new stake in D.R. Horton in the fourth quarter valued at $4,894,000. World Investment Advisors grew its position in D.R. Horton by 45.2% in the 4th quarter. World Investment Advisors now owns 4,259 shares of the construction company's stock worth $596,000 after purchasing an additional 1,326 shares during the last quarter. OneAscent Financial Services LLC boosted its position in shares of D.R. Horton by 21.2% during the fourth quarter. OneAscent Financial Services LLC now owns 3,325 shares of the construction company's stock worth $465,000 after buying an additional 582 shares during the period. Cynosure Group LLC increased its position in D.R. Horton by 199.8% in the 4th quarter. Cynosure Group LLC now owns 6,970 shares of the construction company's stock valued at $975,000 after acquiring an additional 4,645 shares during the period. Finally, Huntington National Bank raised its stake in D.R. Horton by 2.4% during the 4th quarter. Huntington National Bank now owns 32,537 shares of the construction company's stock valued at $4,549,000 after acquiring an additional 769 shares in the last quarter. Institutional investors own 90.63% of the company's stock.

Remove Ads

D.R. Horton Stock Performance

Shares of D.R. Horton stock traded down $0.81 on Friday, reaching $117.06. The stock had a trading volume of 1,348,802 shares, compared to its average volume of 2,895,859. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The business's 50-day moving average price is $128.08 and its two-hundred day moving average price is $149.88. 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 stock has a market cap of $36.89 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the business posted $2.82 earnings per share. The firm's revenue was down 1.5% compared to the same quarter last year. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Friday, February 7th. D.R. Horton's dividend payout ratio is 11.31%.

Analyst Ratings Changes

DHI has been the subject of several research analyst reports. Barclays reduced their price objective on shares of D.R. Horton from $145.00 to $120.00 and set an "equal weight" rating for the company in a report on Tuesday. StockNews.com raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Saturday, January 25th. The Goldman Sachs Group cut their price target on shares of D.R. Horton from $200.00 to $171.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, UBS Group decreased their price target on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $169.14.

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.