Eventide Asset Management LLC Reduces Stake in D.R. Horton, Inc. $DHI

Eventide Asset Management LLC lowered its stake in D.R. Horton, Inc. (NYSE:DHI) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 427,045 shares of the construction company’s stock after selling 28,629 shares during the period. D.R. Horton makes up approximately 1.0% of Eventide Asset Management LLC’s investment portfolio, making the stock its 26th biggest position. Eventide Asset Management LLC’s holdings in D.R. Horton were worth $61,541,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DHI. Core Wealth Advisors LLC purchased a new position in D.R. Horton in the fourth quarter worth about $25,000. Sound Income Strategies LLC purchased a new position in D.R. Horton in the fourth quarter worth about $27,000. Elevated Capital Advisors LLC purchased a new position in D.R. Horton in the fourth quarter worth about $27,000. Wilkerson Advisory Group LLC purchased a new position in D.R. Horton in the fourth quarter worth about $30,000. Finally, Ameriflex Group Inc. purchased a new position in D.R. Horton in the third quarter worth about $31,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 0.3%

Shares of NYSE:DHI opened at $154.00 on Friday. D.R. Horton, Inc. has a 1 year low of $119.54 and a 1 year high of $184.54. The business has a 50 day simple moving average of $146.90 and a two-hundred day simple moving average of $149.89. The firm has a market capitalization of $43.67 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.37. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.09. The business had revenue of $7.56 billion during the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.58 earnings per share. On average, equities analysts predict that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were issued a $0.45 dividend. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s payout ratio is presently 16.87%.

Analyst Upgrades and Downgrades

DHI has been the subject of several recent research reports. Weiss Ratings lowered D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Citigroup boosted their target price on D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Royal Bank Of Canada boosted their target price on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research report on Wednesday, April 22nd. Finally, Wells Fargo & Company boosted their target price on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $168.54.

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.