D.R. Horton, Inc. $DHI Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its stake in D.R. Horton, Inc. (NYSE:DHI) by 17.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 569,461 shares of the construction company’s stock after selling 119,116 shares during the period. Rhumbline Advisers’ holdings in D.R. Horton were worth $96,507,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC raised its position in shares of D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after acquiring an additional 803 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after purchasing an additional 455 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of D.R. Horton in the 2nd quarter worth about $302,000. Johnson Investment Counsel Inc. boosted its holdings in shares of D.R. Horton by 4.2% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 8,882 shares of the construction company’s stock valued at $1,145,000 after buying an additional 356 shares during the period. Finally, CWM LLC grew its position in shares of D.R. Horton by 23.6% during the 2nd quarter. CWM LLC now owns 24,888 shares of the construction company’s stock valued at $3,209,000 after buying an additional 4,755 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the subject of a number of research reports. Barclays decreased their target price on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 21st. Argus boosted their price target on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $155.00 price objective (down previously from $180.00) on shares of D.R. Horton in a report on Tuesday, January 6th. UBS Group set a $163.00 target price on shares of D.R. Horton in a research report on Tuesday, January 27th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, D.R. Horton has an average rating of “Hold” and a consensus target price of $160.29.

D.R. Horton Stock Up 0.9%

Shares of DHI stock opened at $163.68 on Thursday. The business’s fifty day moving average is $152.22 and its 200-day moving average is $156.74. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The stock has a market cap of $47.42 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 2.50 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $6.66 billion. During the same quarter last year, the firm posted $2.61 EPS. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. Equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, February 5th. D.R. Horton’s dividend payout ratio is 16.35%.

D.R. Horton 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.