Congress Asset Management Co. Sells 133,845 Shares of D.R. Horton, Inc. $DHI

Congress Asset Management Co. lessened its holdings in D.R. Horton, Inc. (NYSE:DHI) by 45.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 161,677 shares of the construction company’s stock after selling 133,845 shares during the period. Congress Asset Management Co. owned about 0.06% of D.R. Horton worth $23,286,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital World Investors lifted its holdings in shares of D.R. Horton by 159.8% during the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock valued at $5,126,995,000 after purchasing an additional 18,607,545 shares during the last quarter. Norges Bank acquired a new stake in shares of D.R. Horton in the 2nd quarter worth $494,278,000. Capital International Investors purchased a new position in D.R. Horton during the 3rd quarter worth $395,179,000. Boston Partners purchased a new position in D.R. Horton during the 3rd quarter worth $274,784,000. Finally, Berkshire Hathaway Inc acquired a new position in D.R. Horton during the 2nd quarter valued at about $191,491,000. 90.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction that occurred on Friday, February 13th. The stock was 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 directly owned 6,457 shares in the company, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

DHI has been the subject of several recent analyst reports. Argus raised their price target on D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Wells Fargo & Company restated an “equal weight” rating and set a $155.00 price target (down from $180.00) on shares of D.R. Horton in a research note on Tuesday, January 6th. Citigroup cut their price objective on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Bank of America set a $158.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods restated a “reduce” rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $159.93.

D.R. Horton Stock Down 0.3%

NYSE:DHI opened at $138.36 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. The company’s fifty day moving average price is $153.24 and its 200-day moving average price is $154.69. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The firm has a market capitalization of $40.08 billion, a P/E ratio of 12.57, a PEG ratio of 2.15 and a beta of 1.43.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. The company had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.61 earnings per share. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) 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.