D.R. Horton, Inc. $DHI Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI) by 27.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,953 shares of the construction company’s stock after selling 6,377 shares during the period. Twin Capital Management Inc.’s holdings in D.R. Horton were worth $2,873,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Concord Wealth Partners acquired a new position in D.R. Horton during the third quarter worth approximately $25,000. Canton Hathaway LLC acquired a new position in shares of D.R. Horton in the 3rd quarter valued at $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of D.R. Horton during the 3rd quarter valued at $27,000. Westfuller Advisors LLC acquired a new stake in shares of D.R. Horton during the 3rd quarter worth $34,000. Finally, Westside Investment Management Inc. raised its position in shares of D.R. Horton by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 206 shares of the construction company’s stock worth $36,000 after buying an additional 103 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Down 1.1%

Shares of DHI opened at $156.33 on Friday. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $184.54. The stock has a 50-day moving average price of $152.26 and a 200 day moving average price of $156.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. The company has a market capitalization of $45.29 billion, a P/E ratio of 14.20, a P/E/G ratio of 2.44 and a beta of 1.44.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.05. The company had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.D.R. Horton’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.61 EPS. Sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 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, February 12th. Shareholders of record on Thursday, February 5th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, February 5th. D.R. Horton’s dividend payout ratio is 16.35%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Citizens Jmp restated a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 29th. The Goldman Sachs Group reissued a “buy” rating and issued a $195.00 price objective on shares of D.R. Horton in a research report on Tuesday, January 13th. Finally, Wells Fargo & Company set a $158.00 target price on shares of D.R. Horton in a report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $160.50.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.