First Horizon Advisors Inc. Trims Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

First Horizon Advisors Inc. decreased its stake in D.R. Horton, Inc. (NYSE:DHI) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,199 shares of the construction company’s stock after selling 109 shares during the quarter. First Horizon Advisors Inc.’s holdings in D.R. Horton were worth $334,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oakworth Capital Inc. purchased a new stake in D.R. Horton in the fourth quarter worth about $38,000. BluePath Capital Management LLC purchased a new stake in D.R. Horton in the third quarter worth about $33,000. Friedenthal Financial purchased a new stake in D.R. Horton in the fourth quarter worth about $47,000. AdvisorNet Financial Inc increased its position in D.R. Horton by 81.8% in the fourth quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock worth $55,000 after buying an additional 162 shares in the last quarter. Finally, ORG Partners LLC increased its position in D.R. Horton by 37,500.0% in the fourth quarter. ORG Partners LLC now owns 376 shares of the construction company’s stock worth $57,000 after buying an additional 375 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the sale, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The disclosure for this sale can be found here. Insiders have sold a total of 25,812 shares of company stock valued at $4,029,217 over the last quarter. 1.74% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DHI shares. Wedbush reaffirmed an “underperform” rating and issued a $130.00 price objective on shares of D.R. Horton in a research note on Thursday, April 18th. The Goldman Sachs Group upped their price objective on D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. JMP Securities upped their price objective on D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 24th. UBS Group upped their price objective on D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Finally, Royal Bank of Canada dropped their price objective on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research note on Friday, April 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, D.R. Horton has an average rating of “Moderate Buy” and an average target price of $158.06.

D.R. Horton Price Performance

NYSE:DHI opened at $148.48 on Monday. The firm has a market capitalization of $48.90 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 0.73 and a beta of 1.66. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $165.75. The business has a 50 day simple moving average of $152.09 and a 200-day simple moving average of $142.01. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. During the same quarter in the prior year, the company posted $2.73 EPS. D.R. Horton’s quarterly revenue was up 14.2% on a year-over-year basis. Equities analysts forecast that D.R. Horton, Inc. will post 14.31 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be issued a $0.30 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.81%. D.R. Horton’s payout ratio is 8.17%.

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.