Clough Capital Partners L P Lowers Stock Holdings in D.R. Horton, Inc. $DHI

Clough Capital Partners L P cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 218,274 shares of the construction company’s stock after selling 27,277 shares during the period. D.R. Horton accounts for 3.2% of Clough Capital Partners L P’s holdings, making the stock its 7th largest position. Clough Capital Partners L P owned about 0.07% of D.R. Horton worth $36,991,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in DHI. Integrated Wealth Concepts LLC increased its stake in shares of D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after purchasing an additional 803 shares during the period. Geneos Wealth Management Inc. boosted its stake in D.R. Horton by 295.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after purchasing an additional 455 shares during the period. Sivia Capital Partners LLC acquired a new position in D.R. Horton in the 2nd quarter valued at $302,000. Prospera Financial Services Inc acquired a new position in D.R. Horton in the 2nd quarter valued at $237,000. Finally, Allworth Financial LP increased its position in D.R. Horton by 246.2% during the 2nd quarter. Allworth Financial LP now owns 5,456 shares of the construction company’s stock worth $703,000 after buying an additional 3,880 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analysts Set New Price Targets

DHI has been the subject of a number of recent research reports. BTIG Research set a $182.00 target price on shares of D.R. Horton in a research report on Wednesday, January 21st. Evercore raised their price target on shares of D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 21st. Zacks Research cut shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Bank of America set a $158.00 price objective on shares of D.R. Horton in a report on Wednesday, January 21st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and an average target price of $159.93.

D.R. Horton Stock Performance

NYSE:DHI opened at $140.45 on Friday. The stock’s 50-day simple moving average is $154.91 and its 200 day simple moving average is $156.46. The firm has a market capitalization of $40.69 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 2.17 and a beta of 1.43. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $184.54.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.98 by $0.05. The firm had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The business’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.61 earnings per share. On average, analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. D.R. Horton’s payout ratio is 16.35%.

Insider Transactions at D.R. Horton

In related news, SVP Aron M. Odom sold 260 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the transaction, the senior vice president directly owned 6,457 shares in the company, valued at $1,081,870.35. This represents a 3.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.66% of the stock is currently owned by corporate insiders.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.