D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Inlet Private Wealth LLC

Inlet Private Wealth LLC reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,860 shares of the construction company’s stock after selling 1,400 shares during the period. D.R. Horton makes up about 1.7% of Inlet Private Wealth LLC’s holdings, making the stock its 14th biggest holding. Inlet Private Wealth LLC’s holdings in D.R. Horton were worth $6,552,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Western Financial Corp CA increased its position in shares of D.R. Horton by 12.5% in the 4th quarter. Western Financial Corp CA now owns 5,088 shares of the construction company’s stock worth $711,000 after purchasing an additional 565 shares during the last quarter. Mediolanum International Funds Ltd increased its holdings in D.R. Horton by 11.7% in the fourth quarter. Mediolanum International Funds Ltd now owns 72,756 shares of the construction company’s stock valued at $10,129,000 after buying an additional 7,599 shares during the last quarter. Westhampton Capital LLC bought a new position in D.R. Horton during the 4th quarter worth approximately $210,000. Swedbank AB grew its position in shares of D.R. Horton by 27.0% in the 4th quarter. Swedbank AB now owns 427,045 shares of the construction company’s stock worth $59,709,000 after acquiring an additional 90,776 shares in the last quarter. Finally, Capital Investment Counsel LLC raised its position in shares of D.R. Horton by 0.8% during the 4th quarter. Capital Investment Counsel LLC now owns 45,261 shares of the construction company’s stock valued at $6,328,000 after acquiring an additional 365 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Trading Down 2.8 %

Shares of NYSE:DHI opened at $141.88 on Friday. D.R. Horton, Inc. has a twelve month low of $133.02 and a twelve month high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market cap of $44.71 billion, a P/E ratio of 10.03, a P/E/G ratio of 0.57 and a beta of 1.75. The company has a 50 day moving average of $148.24 and a 200-day moving average of $168.82.

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 analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the company posted $2.82 EPS. As a group, analysts anticipate that D.R. Horton, Inc. will post 13.71 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s payout ratio is 11.31%.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on DHI. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Evercore ISI dropped their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Bank of America lowered D.R. Horton from a “buy” rating to a “neutral” rating and lowered their target price for the company from $160.00 to $150.00 in a report on Monday, January 27th. The Goldman Sachs Group cut their price target on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Wells Fargo & Company lowered their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $170.20.

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.