Nisa Investment Advisors LLC Cuts Holdings in D.R. Horton, Inc. (NYSE:DHI)

Nisa Investment Advisors LLC reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 12.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 109,765 shares of the construction company’s stock after selling 15,193 shares during the quarter. Nisa Investment Advisors LLC’s holdings in D.R. Horton were worth $15,347,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of DHI. Coastline Trust Co purchased a new stake in D.R. Horton during the third quarter valued at approximately $26,000. Rakuten Securities Inc. boosted its position in shares of D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after buying an additional 117 shares during the period. Rosenberg Matthew Hamilton raised its holdings in shares of D.R. Horton by 152.8% in the fourth 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 period. Wolff Wiese Magana LLC boosted its stake in shares of D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after purchasing an additional 196 shares during the period. Finally, Grove Bank & Trust grew its holdings in shares of D.R. Horton by 76.2% in the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Trading Up 2.3 %

Shares of DHI stock opened at $147.01 on Thursday. D.R. Horton, Inc. has a 1-year low of $133.02 and a 1-year high of $199.85. The firm has a market cap of $47.17 billion, a P/E ratio of 10.24, a PEG ratio of 0.56 and a beta of 1.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The firm’s 50-day simple moving average is $151.09 and its 200-day simple moving average is $169.16.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The business had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7,120,170 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the business earned $2.82 EPS. As a group, equities analysts forecast that D.R. Horton, Inc. will post 13.97 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.09%. The ex-dividend date is Friday, February 7th. D.R. Horton’s dividend payout ratio is presently 11.14%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DHI. Wells Fargo & Company decreased their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $125.00 target price on shares of D.R. Horton in a research report on Wednesday. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $188.00 to $156.00 in a report on Friday, December 13th. Finally, UBS Group dropped their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $174.53.

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.