Fisher Asset Management LLC Decreases Stock Holdings in D.R. Horton, Inc. $DHI

Fisher Asset Management LLC reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 67.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,289 shares of the construction company’s stock after selling 25,521 shares during the period. Fisher Asset Management LLC’s holdings in D.R. Horton were worth $2,083,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Concord Wealth Partners acquired a new stake in D.R. Horton in the third quarter valued at approximately $25,000. Canton Hathaway LLC acquired a new position in shares of D.R. Horton during the third quarter worth $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of D.R. Horton during the third quarter worth $27,000. Westfuller Advisors LLC purchased a new stake in shares of D.R. Horton during the 3rd quarter valued at $34,000. Finally, Westside Investment Management Inc. boosted 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 purchasing an additional 103 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DHI. Argus boosted their target price on D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Citigroup decreased their price target on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Citizens Jmp reissued a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. Evercore boosted their price target on D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $195.00 price objective on shares of D.R. Horton in a research report on Tuesday, January 13th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $159.93.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction that occurred on 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 directly owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.66% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $147.45 on Friday. The business has a fifty day moving average of $155.11 and a 200 day moving average of $157.36. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. 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 firm has a market capitalization of $42.72 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 2.32 and a beta of 1.43.

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

D.R. Horton Announces Dividend

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

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.