D.R. Horton, Inc. $DHI Shares Sold by CreativeOne Wealth LLC

CreativeOne Wealth LLC trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI) by 45.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,170 shares of the construction company’s stock after selling 6,086 shares during the period. CreativeOne Wealth LLC’s holdings in D.R. Horton were worth $1,215,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Concord Wealth Partners purchased a new stake in shares of D.R. Horton in the third quarter valued at about $25,000. Canton Hathaway LLC acquired a new stake in shares of D.R. Horton in the third quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of D.R. Horton during the 3rd quarter worth approximately $27,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of D.R. Horton during the 2nd quarter worth approximately $29,000. Finally, Ameriflex Group Inc. purchased a new stake in D.R. Horton in the 3rd quarter valued at approximately $31,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Aron M. Odom sold 260 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the transaction, the senior vice president owned 6,457 shares of the company’s stock, valued at $1,081,870.35. This represents a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DHI. Barclays lowered their target price on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 21st. Keefe, Bruyette & Woods restated a “reduce” rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Citizens Jmp reaffirmed a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Argus lifted their price objective on D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Finally, Evercore boosted their target price on shares of D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and an average price target of $159.93.

D.R. Horton Trading Down 1.6%

Shares of DHI opened at $145.27 on Wednesday. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The company has a market capitalization of $42.09 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 2.28 and a beta of 1.43. The stock has a fifty day moving average of $155.15 and a two-hundred day moving average of $156.97. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. The business had revenue of $6.89 billion during 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%.The business’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.61 earnings per share. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were issued a $0.45 dividend. The ex-dividend date was Thursday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s payout ratio is 16.35%.

D.R. Horton 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.