Fulcrum Capital LLC Reduces Holdings in D.R. Horton, Inc. (NYSE:DHI)

Fulcrum Capital LLC decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,614 shares of the construction company’s stock after selling 1,005 shares during the quarter. D.R. Horton makes up about 1.2% of Fulcrum Capital LLC’s holdings, making the stock its 28th largest position. Fulcrum Capital LLC’s holdings in D.R. Horton were worth $5,958,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DHI. TCI Wealth Advisors Inc. boosted its stake in shares of D.R. Horton by 4.1% during the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after buying an additional 58 shares during the period. Covestor Ltd lifted its position in D.R. Horton by 6.6% in the third quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock valued at $203,000 after purchasing an additional 66 shares during the period. Insigneo Advisory Services LLC lifted its position in D.R. Horton by 1.9% in the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after purchasing an additional 67 shares during the period. Azzad Asset Management Inc. ADV lifted its position in D.R. Horton by 0.8% in the third quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company’s stock valued at $1,649,000 after purchasing an additional 72 shares during the period. Finally, Demars Financial Group LLC lifted its position in D.R. Horton by 3.5% in the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock valued at $419,000 after purchasing an additional 74 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DHI shares. StockNews.com downgraded shares of D.R. Horton from a “hold” rating to a “sell” rating in a research report on Thursday. BTIG Research reduced their price objective 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. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Finally, Wells Fargo & Company reduced their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $176.93.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction that occurred on Thursday, November 21st. The shares were 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 available through this hyperlink. 1.74% of the stock is owned by corporate insiders.

D.R. Horton Price Performance

Shares of DHI traded up $1.57 during mid-day trading on Monday, reaching $138.09. 2,134,147 shares of the company’s stock were exchanged, compared to its average volume of 2,788,318. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $154.38 and a two-hundred day simple moving average of $168.81. D.R. Horton, Inc. has a 52-week low of $133.02 and a 52-week high of $199.85. The company has a market cap of $44.35 billion, a price-to-earnings ratio of 9.62, a PEG ratio of 0.56 and a beta of 1.71.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the business earned $4.45 earnings per share. On average, sell-side analysts predict that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a $0.40 dividend. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s payout ratio is presently 11.14%.

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.