Amalgamated Bank Sells 6,215 Shares of D.R. Horton, Inc. (NYSE:DHI)

Amalgamated Bank lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.7% during the fourth quarter, HoldingsChannel reports. The firm owned 87,072 shares of the construction company’s stock after selling 6,215 shares during the quarter. Amalgamated Bank’s holdings in D.R. Horton were worth $13,233,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Summit Global Investments raised its position in D.R. Horton by 423.5% during the fourth quarter. Summit Global Investments now owns 102,604 shares of the construction company’s stock worth $15,594,000 after acquiring an additional 83,003 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of D.R. Horton by 1.9% in the 4th quarter. Los Angeles Capital Management LLC now owns 757,422 shares of the construction company’s stock valued at $115,113,000 after purchasing an additional 14,111 shares during the period. Natixis Advisors L.P. lifted its stake in D.R. Horton by 1.1% in the 4th quarter. Natixis Advisors L.P. now owns 174,656 shares of the construction company’s stock valued at $26,544,000 after purchasing an additional 1,857 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in D.R. Horton by 2,212.5% during the fourth quarter. Benjamin Edwards Inc. now owns 2,960 shares of the construction company’s stock worth $450,000 after purchasing an additional 2,832 shares during the period. Finally, Fisher Asset Management LLC increased its position in D.R. Horton by 0.4% during the fourth quarter. Fisher Asset Management LLC now owns 242,276 shares of the construction company’s stock worth $36,821,000 after buying an additional 1,040 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price objective on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, January 24th. JMP Securities increased their price objective on shares of D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 24th. Seaport Res Ptn downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Bank of America decreased their price target on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Finally, Royal Bank of Canada reduced their price objective on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, D.R. Horton presently has an average rating of “Moderate Buy” and a consensus target price of $158.06.

D.R. Horton Price Performance

DHI stock traded up $3.02 during midday trading on Friday, reaching $148.48. The company had a trading volume of 2,894,408 shares, compared to its average volume of 2,550,534. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75. The stock has a 50 day moving average price of $152.04 and a 200-day moving average price of $141.17. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. The company has a market capitalization of $48.90 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 0.71 and a beta of 1.66.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.08 by $0.44. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.73 EPS. Equities research analysts expect that D.R. Horton, Inc. will post 14.31 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s dividend payout ratio is presently 8.17%.

Insider Activity

In related news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Barbara K. Allen sold 363 shares of D.R. Horton stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $838,799. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara K. Allen sold 449 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,812 shares of company stock worth $4,029,217. Insiders own 1.74% of the company’s stock.

D.R. Horton Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.