Commonwealth Equity Services LLC Sells 24,191 Shares of D.R. Horton, Inc. (NYSE:DHI)

Commonwealth Equity Services LLC reduced its position in D.R. Horton, Inc. (NYSE:DHIGet Rating) by 23.7% during the first quarter, Holdings Channel.com reports. The firm owned 77,890 shares of the construction company’s stock after selling 24,191 shares during the quarter. Commonwealth Equity Services LLC’s holdings in D.R. Horton were worth $5,803,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DHI. Larson Financial Group LLC raised its position in D.R. Horton by 65.4% in the 4th quarter. Larson Financial Group LLC now owns 311 shares of the construction company’s stock valued at $34,000 after buying an additional 123 shares during the last quarter. Fiduciary Trust Co. raised its position in D.R. Horton by 3.0% in the 4th quarter. Fiduciary Trust Co. now owns 4,405 shares of the construction company’s stock valued at $477,000 after buying an additional 130 shares during the last quarter. Itau Unibanco Holding S.A. raised its position in D.R. Horton by 10.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,467 shares of the construction company’s stock valued at $158,000 after buying an additional 144 shares during the last quarter. SRS Capital Advisors Inc. raised its position in D.R. Horton by 4.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,572 shares of the construction company’s stock valued at $387,000 after buying an additional 153 shares during the last quarter. Finally, Shaker Investments LLC OH raised its position in D.R. Horton by 0.6% in the 1st quarter. Shaker Investments LLC OH now owns 26,828 shares of the construction company’s stock valued at $1,999,000 after buying an additional 160 shares during the last quarter. 81.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of analyst reports. TheStreet raised D.R. Horton from a “c+” rating to a “b-” rating in a research report on Thursday, July 21st. Credit Suisse Group decreased their target price on D.R. Horton to $85.00 in a research report on Friday, July 22nd. BTIG Research decreased their target price on D.R. Horton from $97.00 to $92.00 in a research report on Friday, July 22nd. UBS Group decreased their target price on D.R. Horton from $151.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, June 16th. Finally, Wells Fargo & Company decreased their target price on D.R. Horton from $86.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday, June 17th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.14.

Insider Transactions at D.R. Horton

In other news, Director Michael W. Hewatt sold 1,948 shares of the firm’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $67.97, for a total transaction of $132,405.56. Following the sale, the director now owns 5,067 shares in the company, valued at approximately $344,403.99. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Aron M. Odom sold 5,000 shares of the firm’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $77.72, for a total transaction of $388,600.00. Following the sale, the vice president now owns 3,024 shares in the company, valued at approximately $235,025.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael W. Hewatt sold 1,948 shares of the firm’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $67.97, for a total transaction of $132,405.56. Following the sale, the director now owns 5,067 shares in the company, valued at approximately $344,403.99. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,948 shares of company stock valued at $829,286. 0.49% of the stock is owned by corporate insiders.

D.R. Horton Stock Up 0.4 %

Shares of NYSE DHI opened at $74.22 on Thursday. D.R. Horton, Inc. has a 52 week low of $59.25 and a 52 week high of $110.45. The business has a 50-day simple moving average of $71.65 and a two-hundred day simple moving average of $76.32. The company has a quick ratio of 0.84, a current ratio of 5.71 and a debt-to-equity ratio of 0.32. The company has a market cap of $25.79 billion, a P/E ratio of 4.77, a P/E/G ratio of 0.55 and a beta of 1.60.

D.R. Horton (NYSE:DHIGet Rating) last issued its earnings results on Thursday, July 21st. The construction company reported $4.67 EPS for the quarter, topping the consensus estimate of $4.49 by $0.18. The business had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.91 billion. D.R. Horton had a return on equity of 33.33% and a net margin of 17.42%. The firm’s revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.06 EPS. Research analysts anticipate that D.R. Horton, Inc. will post 17.05 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 11th. Stockholders of record on Thursday, August 4th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Wednesday, August 3rd. D.R. Horton’s payout ratio is 5.78%.

About D.R. Horton

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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 31 states and 98 markets under the names of D.R.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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