D.R. Horton, Inc. $DHI Shares Sold by Praxis Investment Management Inc.

Praxis Investment Management Inc. decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 71.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,940 shares of the construction company’s stock after selling 4,960 shares during the period. Praxis Investment Management Inc.’s holdings in D.R. Horton were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. First Manhattan CO. LLC. boosted its position in shares of D.R. Horton by 2.0% during the fourth quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock worth $511,000 after buying an additional 70 shares during the period. Deseret Mutual Benefit Administrators raised its stake in D.R. Horton by 11.0% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock valued at $103,000 after acquiring an additional 71 shares in the last quarter. AMG National Trust Bank boosted its position in D.R. Horton by 0.7% during the 4th quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock worth $1,570,000 after acquiring an additional 74 shares during the period. AdvisorShares Investments LLC boosted its position in D.R. Horton by 2.4% during the 4th quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock worth $480,000 after acquiring an additional 77 shares during the period. Finally, Studio Investment Management LLC grew its stake in shares of D.R. Horton by 0.3% in the fourth quarter. Studio Investment Management LLC now owns 23,083 shares of the construction company’s stock worth $3,325,000 after purchasing an additional 79 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wells Fargo & Company raised their price target on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada increased their target price on shares of D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research report on Wednesday, April 22nd. UBS Group raised their target price on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday. Finally, Weiss Ratings lowered shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $168.54.

D.R. Horton Price Performance

NYSE DHI opened at $155.41 on Wednesday. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a 1 year low of $129.11 and a 1 year high of $184.54. The company has a market cap of $44.07 billion, a PE ratio of 14.56, a PEG ratio of 2.19 and a beta of 1.36. The stock’s 50-day moving average price is $150.69 and its two-hundred day moving average price is $150.24.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The business had revenue of $7.56 billion for the quarter, compared to the consensus estimate of $7.55 billion. During the same period last year, the firm posted $2.58 earnings per share. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, analysts predict that D.R. Horton, Inc. will post 10.6 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s payout ratio is 16.87%.

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.