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

Argent Capital Management LLC cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 526,332 shares of the construction company’s stock after selling 14,058 shares during the period. D.R. Horton makes up 2.2% of Argent Capital Management LLC’s investment portfolio, making the stock its 16th biggest holding. Argent Capital Management LLC owned 0.18% of D.R. Horton worth $75,808,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in DHI. Concord Wealth Partners purchased a new stake in shares of D.R. Horton during the third quarter worth approximately $25,000. Canton Hathaway LLC purchased a new position in D.R. Horton in the 3rd quarter valued at $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in D.R. Horton in the 3rd quarter valued at $27,000. Ameriflex Group Inc. acquired a new position in D.R. Horton in the 3rd quarter valued at $31,000. Finally, Westfuller Advisors LLC purchased a new position in D.R. Horton during the 3rd quarter worth $34,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DHI shares. Citizens Jmp reaffirmed a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. Barclays reduced their price objective on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 21st. Citigroup lowered their price objective on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Wells Fargo & Company reiterated an “equal weight” rating and set a $155.00 target price (down from $180.00) on shares of D.R. Horton in a research report on Tuesday, January 6th. Finally, Zacks Research cut D.R. Horton from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $159.93.

Insider Buying and Selling

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction 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 sale, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,081,870.35. The trade was a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.66% of the company’s stock.

D.R. Horton Stock Up 0.6%

Shares of NYSE DHI opened at $138.09 on Friday. The stock has a market capitalization of $40.01 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 2.12 and a beta of 1.43. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $184.54. The firm has a 50-day moving average price of $154.58 and a 200 day moving average price of $155.74. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last issued 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. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same period last year, the company posted $2.61 earnings per share. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. Equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.3%. D.R. Horton’s payout ratio is currently 16.35%.

About D.R. Horton

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.