Foster & Motley Inc. Trims Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Foster & Motley Inc. lessened its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,782 shares of the construction company’s stock after selling 1,528 shares during the quarter. Foster & Motley Inc.’s holdings in D.R. Horton were worth $8,499,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DHI. Algert Global LLC increased its holdings in D.R. Horton by 11.4% in the 2nd quarter. Algert Global LLC now owns 2,730 shares of the construction company’s stock worth $385,000 after buying an additional 280 shares during the period. Creative Planning boosted its holdings in shares of D.R. Horton by 1.8% in the 2nd quarter. Creative Planning now owns 37,322 shares of the construction company’s stock valued at $5,260,000 after acquiring an additional 670 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of D.R. Horton by 8.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 17,685 shares of the construction company’s stock worth $2,493,000 after acquiring an additional 1,422 shares during the period. NewEdge Advisors LLC raised its holdings in shares of D.R. Horton by 67.2% during the second quarter. NewEdge Advisors LLC now owns 10,682 shares of the construction company’s stock worth $1,505,000 after purchasing an additional 4,295 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its position in D.R. Horton by 5.5% during the second quarter. EP Wealth Advisors LLC now owns 7,345 shares of the construction company’s stock valued at $1,035,000 after purchasing an additional 384 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Trading Down 1.5 %

Shares of D.R. Horton stock opened at $141.85 on Thursday. The company has a current ratio of 6.92, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a twelve month low of $133.02 and a twelve month high of $199.85. The firm has a market capitalization of $45.51 billion, a PE ratio of 10.02, a P/E/G ratio of 0.56 and a beta of 1.75. The firm’s 50-day moving average price is $149.42 and its 200 day moving average price is $169.24.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the business posted $2.82 earnings per share. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, sell-side analysts predict that D.R. Horton, Inc. will post 13.87 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s payout ratio is 11.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DHI shares. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. UBS Group reduced their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their target price for the company from $160.00 to $150.00 in a report on Monday. Finally, Wedbush reissued a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and an average price target of $170.20.

Insider Activity

In related news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.54% of the company’s stock.

D.R. Horton Company 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.