Legacy Capital Wealth Partners LLC Sells 1,890 Shares of D.R. Horton, Inc. (NYSE:DHI)

Legacy Capital Wealth Partners LLC trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 55.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,504 shares of the construction company’s stock after selling 1,890 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in D.R. Horton were worth $210,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Golden State Equity Partners increased its holdings in D.R. Horton by 435.6% during the 4th quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock worth $545,000 after purchasing an additional 3,171 shares in the last quarter. KBC Group NV increased its holdings in D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after purchasing an additional 212,112 shares in the last quarter. Legacy CG LLC bought a new stake in D.R. Horton during the 3rd quarter worth approximately $4,220,000. Toronto Dominion Bank increased its holdings in D.R. Horton by 17.3% during the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock worth $20,025,000 after purchasing an additional 15,460 shares in the last quarter. Finally, Pensionfund Sabic increased its holdings in D.R. Horton by 70.2% during the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock worth $1,356,000 after purchasing an additional 4,000 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

DHI has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. The Goldman Sachs Group reduced their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $125.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Barclays reduced their target price on 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. Finally, Wedbush reaffirmed a “neutral” rating and issued a $180.00 target price 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 issued a hold rating and six have given a buy rating to the company. According to MarketBeat, D.R. Horton presently has an average rating of “Hold” and an average price target of $170.93.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction 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 SEC, which is available at this hyperlink. Company insiders own 0.54% of the company’s stock.

D.R. Horton Trading Up 1.0 %

NYSE:DHI opened at $130.63 on Tuesday. The company has a market cap of $41.16 billion, a P/E ratio of 9.23, a P/E/G ratio of 0.58 and a beta of 1.76. The stock’s fifty day moving average price is $141.56 and its two-hundred day moving average price is $165.91. D.R. Horton, Inc. has a 1 year low of $125.84 and a 1 year high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.82 earnings per share. As a group, 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 was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.22%. D.R. Horton’s dividend payout ratio is currently 11.31%.

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.