Hollencrest Capital Management Decreases Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Hollencrest Capital Management cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 9.6% in the fourth quarter, HoldingsChannel reports. The firm owned 1,125 shares of the construction company’s stock after selling 120 shares during the quarter. Hollencrest Capital Management’s holdings in D.R. Horton were worth $157,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DHI. Coastline Trust Co purchased a new position in D.R. Horton in the third quarter valued at $26,000. Golden State Wealth Management LLC purchased a new position in D.R. Horton in the fourth quarter valued at $30,000. Rakuten Securities Inc. boosted its holdings in D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after buying an additional 165 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in D.R. Horton during the 4th quarter worth about $38,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DHI shares. UBS Group decreased their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Citigroup decreased their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Wells Fargo & Company decreased their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $125.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, Barclays decreased their price target 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $170.93.

D.R. Horton Stock Performance

Shares of DHI stock opened at $128.83 on Thursday. The stock has a market capitalization of $40.60 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85. The stock’s 50-day moving average price is $135.89 and its 200 day moving average price is $159.90. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.82 EPS. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

About D.R. Horton

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.