Atria Investments LLC Decreases Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Atria Investments LLC cut its holdings in D.R. Horton, Inc. (NYSE:DHIGet Rating) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,045 shares of the construction company’s stock after selling 2,751 shares during the period. Atria Investments LLC’s holdings in D.R. Horton were worth $2,697,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Fairfield Bush & CO. purchased a new position in D.R. Horton during the first quarter worth $28,000. SeaCrest Wealth Management LLC acquired a new position in shares of D.R. Horton in the second quarter worth $30,000. Arlington Partners LLC raised its holdings in shares of D.R. Horton by 300.0% in the second quarter. Arlington Partners LLC now owns 480 shares of the construction company’s stock worth $32,000 after acquiring an additional 360 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of D.R. Horton by 65.6% in the second quarter. Larson Financial Group LLC now owns 515 shares of the construction company’s stock worth $34,000 after acquiring an additional 204 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of D.R. Horton by 93.4% during the 2nd quarter. Allworth Financial LP now owns 582 shares of the construction company’s stock worth $39,000 after purchasing an additional 281 shares during the last quarter. 84.87% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 0.7 %

Shares of NYSE DHI opened at $94.96 on Tuesday. D.R. Horton, Inc. has a 12-month low of $59.25 and a 12-month high of $99.88. The company has a market cap of $32.72 billion, a P/E ratio of 5.74, a P/E/G ratio of 1.12 and a beta of 1.49. The company has a current ratio of 5.92, a quick ratio of 1.10 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average price of $87.07 and a 200 day moving average price of $78.16.

D.R. Horton (NYSE:DHIGet Rating) last announced its quarterly earnings results on Wednesday, November 9th. The construction company reported $4.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.06 by ($0.39). The company had revenue of $9.64 billion during the quarter, compared to analyst estimates of $9.97 billion. D.R. Horton had a net margin of 17.50% and a return on equity of 32.84%. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.70 earnings per share. Research analysts anticipate that D.R. Horton, Inc. will post 9.39 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 12th. Stockholders of record on Friday, December 2nd were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, December 1st. This is an increase from D.R. Horton’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 1.05%. D.R. Horton’s dividend payout ratio (DPR) is currently 6.05%.

Insider Activity

In other news, VP Aron M. Odom sold 1,300 shares of the firm’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $83.64, for a total transaction of $108,732.00. Following the completion of the sale, the vice president now directly owns 1,724 shares in the company, valued at $144,195.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Aron M. Odom sold 1,300 shares of the stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $83.64, for a total transaction of $108,732.00. Following the transaction, the vice president now owns 1,724 shares of the company’s stock, valued at $144,195.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 470 shares of the stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $84.86, for a total transaction of $39,884.20. Following the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $479,459. The disclosure for this sale can be found here. Insiders sold 33,770 shares of company stock worth $3,011,976 over the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DHI. Citigroup raised their target price on shares of D.R. Horton from $91.00 to $111.00 in a research report on Tuesday, January 10th. JPMorgan Chase & Co. raised their target price on shares of D.R. Horton from $81.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 22nd. Barclays increased their target price on D.R. Horton from $95.00 to $108.00 in a research report on Wednesday, December 14th. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Monday, January 9th. Finally, Wedbush decreased their price target on D.R. Horton from $97.00 to $83.00 and set an “outperform” rating on the stock in a research note on Monday, October 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, D.R. Horton currently has an average rating of “Moderate Buy” and an average price target of $93.54.

D.R. Horton Profile

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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 106 markets across 33 states under the names of D.R.

See Also

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

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