D.R. Horton, Inc. (NYSE:DHI) Position Trimmed by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 72.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,319 shares of the construction company’s stock after selling 6,188 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in D.R. Horton were worth $295,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Nemes Rush Group LLC raised its position in shares of D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after purchasing an additional 82 shares during the period. Azzad Asset Management Inc. ADV lifted its position in shares of D.R. Horton by 1.0% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company’s stock valued at $1,221,000 after acquiring an additional 89 shares during the period. Horizon Investments LLC raised its holdings in shares of D.R. Horton by 1.7% during the 4th quarter. Horizon Investments LLC now owns 5,503 shares of the construction company’s stock worth $767,000 after buying an additional 91 shares in the last quarter. Blair William & Co. IL increased its holdings in D.R. Horton by 0.3% in the 4th quarter. Blair William & Co. IL now owns 36,782 shares of the construction company’s stock worth $5,143,000 after purchasing an additional 95 shares in the last quarter. Finally, Aptus Capital Advisors LLC increased its stake in shares of D.R. Horton by 3.2% in the fourth quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company’s stock valued at $446,000 after buying an additional 98 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. BTIG Research cut their price target on D.R. Horton from $171.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. The Goldman Sachs Group reduced their price target on D.R. Horton from $173.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Keefe, Bruyette & Woods dropped their price target on D.R. Horton from $165.00 to $135.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company lowered their target price on D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Finally, JMP Securities reduced their target price on D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating on the stock in a report on Monday, April 21st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $151.15.

D.R. Horton Stock Performance

Shares of DHI opened at $129.81 on Wednesday. The company has a 50-day moving average of $125.49 and a two-hundred day moving average of $129.12. The company has a current ratio of 7.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. The stock has a market cap of $39.88 billion, a P/E ratio of 9.83, a PEG ratio of 4.25 and a beta of 1.38. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. The firm had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $8.07 billion. During the same quarter last year, the company posted $3.52 earnings per share. As a group, research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. D.R. Horton’s payout ratio is currently 12.11%.

Insider Activity

In other news, Director Michael R. Buchanan sold 2,150 shares of the firm’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the transaction, the director directly owned 2,193 shares in the company, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

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.