Peterson Wealth Services Sells 222 Shares of D.R. Horton, Inc. (NYSE:DHI)

Peterson Wealth Services lessened its holdings in D.R. Horton, Inc. (NYSE:DHI) by 16.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,169 shares of the construction company’s stock after selling 222 shares during the quarter. Peterson Wealth Services’ holdings in D.R. Horton were worth $163,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Core Alternative Capital boosted its holdings in D.R. Horton by 7.9% in the 4th quarter. Core Alternative Capital now owns 41,335 shares of the construction company’s stock valued at $5,779,000 after purchasing an additional 3,032 shares during the period. Mill Creek Capital Advisors LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $285,000. Summit Trail Advisors LLC boosted its stake in shares of D.R. Horton by 20.7% in the fourth quarter. Summit Trail Advisors LLC now owns 1,860 shares of the construction company’s stock valued at $260,000 after buying an additional 319 shares during the period. Sapient Capital LLC grew its position in D.R. Horton by 0.7% during the fourth quarter. Sapient Capital LLC now owns 65,316 shares of the construction company’s stock worth $9,132,000 after buying an additional 424 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in D.R. Horton by 59.9% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 146,350 shares of the construction company’s stock worth $20,462,000 after acquiring an additional 54,845 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Price Performance

D.R. Horton stock opened at $130.13 on Tuesday. The company has a market capitalization of $41.01 billion, a PE ratio of 9.20, a P/E/G ratio of 0.58 and a beta of 1.76. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $144.87 and a two-hundred day moving average price of $167.60. D.R. Horton, Inc. has a 12 month low of $127.47 and a 12 month high of $199.85.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the company earned $2.82 EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. Analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 11.31%.

Insiders Place Their Bets

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton 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 document filed with the SEC, which can be accessed through this link. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DHI shares. Evercore ISI decreased their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. BTIG Research dropped their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Barclays cut their price target on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Citigroup lowered their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and an average price target of $170.93.

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.