D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Denali Advisors LLC

Denali Advisors LLC lowered its stake in D.R. Horton, Inc. (NYSE:DHI) by 29.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,628 shares of the construction company’s stock after selling 3,604 shares during the quarter. Denali Advisors LLC’s holdings in D.R. Horton were worth $1,206,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DHI. International Assets Investment Management LLC purchased a new position in shares of D.R. Horton during the 3rd quarter worth approximately $15,285,000. Nisa Investment Advisors LLC lifted its stake in D.R. Horton by 9.8% during the third quarter. Nisa Investment Advisors LLC now owns 124,958 shares of the construction company’s stock worth $23,838,000 after purchasing an additional 11,198 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in D.R. Horton by 4.9% during the third quarter. First Trust Direct Indexing L.P. now owns 9,948 shares of the construction company’s stock worth $1,898,000 after purchasing an additional 464 shares in the last quarter. Cornerstone Wealth Group LLC purchased a new position in shares of D.R. Horton during the third quarter worth $275,000. Finally, Catalyst Financial Partners LLC acquired a new stake in shares of D.R. Horton in the third quarter valued at $216,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $128.40 on Thursday. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 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 company has a market cap of $40.46 billion, a P/E ratio of 9.07, a PEG ratio of 0.54 and a beta of 1.76. The firm has a fifty day moving average price of $137.96 and a 200 day moving average price of $163.42.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data 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. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the firm posted $2.82 EPS. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. Sell-side analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. D.R. Horton’s payout ratio is currently 11.31%.

Analyst Ratings Changes

Several equities analysts recently issued reports on DHI shares. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Wells Fargo & Company reduced their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Evercore ISI dropped their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Citigroup reduced their target price on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and a consensus target price of $170.93.

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.