Colonial Trust Co SC Trims Stake in D.R. Horton, Inc. (NYSE:DHI)

Colonial Trust Co SC lowered its holdings in D.R. Horton, Inc. (NYSE:DHI) by 21.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 449 shares of the construction company’s stock after selling 123 shares during the quarter. Colonial Trust Co SC’s holdings in D.R. Horton were worth $63,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Czech National Bank grew its stake in D.R. Horton by 5.8% in the 4th quarter. Czech National Bank now owns 63,230 shares of the construction company’s stock worth $8,841,000 after buying an additional 3,454 shares in the last quarter. PSI Advisors LLC purchased a new position in D.R. Horton in the fourth quarter worth $87,000. Rosenberg Matthew Hamilton increased its stake in D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after acquiring an additional 165 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its stake in D.R. Horton by 3.4% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,246 shares of the construction company’s stock valued at $454,000 after acquiring an additional 107 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in D.R. Horton by 10.9% during the fourth quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company’s stock valued at $3,923,000 after purchasing an additional 2,767 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DHI shares. BTIG Research reduced their price objective on D.R. Horton from $171.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. The Goldman Sachs Group reduced their price target on shares of D.R. Horton from $173.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Barclays cut their price objective on shares of D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Monday, April 21st. JMP Securities decreased their target price on shares of D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating on the stock in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. reduced their price objective on D.R. Horton from $132.00 to $111.00 and set an “underweight” rating on the stock in a research note on Monday, April 21st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $151.15.

D.R. Horton Price Performance

DHI opened at $122.01 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The stock has a market capitalization of $37.48 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. The stock’s 50 day moving average price is $125.33 and its 200-day moving average price is $140.78. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same quarter last year, the company posted $3.52 earnings per share. On average, equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were given a dividend of $0.40 per share. The ex-dividend date was Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.31%. D.R. Horton’s payout ratio is 12.11%.

About D.R. Horton

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.