Federated Hermes Inc. Sells 7,792 Shares of D.R. Horton, Inc. (NYSE:DHI)

Federated Hermes Inc. decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 15.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 42,366 shares of the construction company’s stock after selling 7,792 shares during the quarter. Federated Hermes Inc.’s holdings in D.R. Horton were worth $6,439,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DHI. Legal Advantage Investments Inc. boosted its holdings in shares of D.R. Horton by 2.5% in the 4th quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock worth $467,000 after buying an additional 75 shares during the last quarter. Wealthsource Partners LLC boosted its holdings in shares of D.R. Horton by 2.7% in the 4th quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock worth $445,000 after buying an additional 78 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of D.R. Horton by 2.2% in the 3rd quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock worth $391,000 after buying an additional 79 shares during the last quarter. FineMark National Bank & Trust boosted its holdings in shares of D.R. Horton by 2.0% in the 3rd quarter. FineMark National Bank & Trust now owns 4,035 shares of the construction company’s stock worth $434,000 after buying an additional 80 shares during the last quarter. Finally, Tiemann Investment Advisors LLC boosted its holdings in shares of D.R. Horton by 1.6% in the 3rd quarter. Tiemann Investment Advisors LLC now owns 5,447 shares of the construction company’s stock worth $585,000 after buying an additional 85 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Insider Buying and Selling

In related news, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the transaction, the insider now directly owns 773,121 shares in the company, valued at $120,862,005.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the transaction, the insider now directly owns 773,121 shares in the company, valued at $120,862,005.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barbara K. Allen sold 363 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the transaction, the director now owns 5,650 shares in the company, valued at $838,799. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,560 shares of company stock worth $4,279,636. Insiders own 1.74% of the company’s stock.

D.R. Horton Stock Down 1.3 %

DHI stock opened at $144.20 on Friday. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $151.91 and its 200 day moving average is $139.83. The stock has a market cap of $47.85 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 0.73 and a beta of 1.64. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.44. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. D.R. Horton’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.73 earnings per share. Sell-side analysts predict that D.R. Horton, Inc. will post 14.27 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DHI shares. The Goldman Sachs Group upped their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, January 11th. JMP Securities upped their price objective on shares of D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a report on Wednesday, January 24th. Citigroup upped their price objective on shares of D.R. Horton from $166.00 to $191.00 and gave the company a “buy” rating in a report on Friday, April 5th. UBS Group upped their price objective on shares of D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, Bank of America dropped their price objective on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.06.

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.