Pinnacle Wealth Planning Services Inc. Reduces Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Pinnacle Wealth Planning Services Inc. reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 2.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,449 shares of the construction company’s stock after selling 102 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in D.R. Horton were worth $568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of D.R. Horton during the fourth quarter worth $516,530,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in D.R. Horton by 62.4% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company’s stock worth $207,864,000 after purchasing an additional 525,705 shares during the period. Pacer Advisors Inc. boosted its stake in D.R. Horton by 21.7% in the 4th quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after purchasing an additional 484,058 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in D.R. Horton by 295.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 544,992 shares of the construction company’s stock valued at $89,678,000 after buying an additional 407,076 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in shares of D.R. Horton by 1,719.1% in the fourth quarter. Panagora Asset Management Inc. now owns 429,445 shares of the construction company’s stock worth $65,267,000 after buying an additional 405,838 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at approximately $838,799. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Michael R. Buchanan sold 2,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the transaction, the director now owns 1,703 shares in the company, valued at $256,642.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at $838,799. The disclosure for this sale can be found here. 1.74% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DHI shares. Wedbush reaffirmed an “underperform” rating and set a $130.00 price objective on shares of D.R. Horton in a research note on Thursday, April 18th. Keefe, Bruyette & Woods boosted their price target on shares of D.R. Horton from $172.00 to $178.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. JMP Securities increased their price objective on D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research report on Friday. Jefferies Financial Group lifted their price objective on D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Finally, Citigroup lowered D.R. Horton from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $181.00 to $156.00 in a research note on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $165.12.

D.R. Horton Trading Up 0.2 %

DHI stock traded up $0.42 during trading on Friday, hitting $173.84. 4,125,242 shares of the company traded hands, compared to its average volume of 2,847,579. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.38 and a current ratio of 7.22. The company has a 50-day moving average of $145.35 and a 200-day moving average of $148.31. The firm has a market capitalization of $57.25 billion, a PE ratio of 11.83, a P/E/G ratio of 0.86 and a beta of 1.71. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $177.47.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.35. The firm had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business earned $3.90 earnings per share. Analysts predict that D.R. Horton, Inc. will post 14.39 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Thursday, August 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.69%. D.R. Horton’s payout ratio is presently 8.17%.

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.