Evermay Wealth Management LLC Sells 107 Shares of D.R. Horton, Inc. (NYSE:DHI)

Evermay Wealth Management LLC lowered its holdings in D.R. Horton, Inc. (NYSE:DHI) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,161 shares of the construction company’s stock after selling 107 shares during the period. Evermay Wealth Management LLC’s holdings in D.R. Horton were worth $784,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DHI. Evergreen Capital Management LLC raised its holdings in D.R. Horton by 53.7% during the 3rd quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock valued at $1,074,000 after acquiring an additional 3,489 shares during the period. Voss Capital LLC purchased a new position in shares of D.R. Horton in the fourth quarter valued at $7,599,000. Handelsbanken Fonder AB raised its stake in shares of D.R. Horton by 20.5% during the 4th quarter. Handelsbanken Fonder AB now owns 97,275 shares of the construction company’s stock valued at $14,784,000 after purchasing an additional 16,573 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in D.R. Horton by 12.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,241 shares of the construction company’s stock worth $10,371,000 after purchasing an additional 7,600 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in D.R. Horton by 43.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,731 shares of the construction company’s stock worth $2,228,000 after purchasing an additional 6,272 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DHI has been the topic of a number of recent analyst reports. BTIG Research lowered their price target on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Wedbush reiterated an “underperform” rating and issued a $130.00 target price on shares of D.R. Horton in a research note on Thursday, April 18th. StockNews.com downgraded shares of D.R. Horton from a “buy” rating to a “hold” rating in a report on Thursday. Raymond James upped their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Keefe, Bruyette & Woods lifted their price objective on D.R. Horton from $172.00 to $178.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton presently has an average rating of “Moderate Buy” and a consensus target price of $157.82.

D.R. Horton Price Performance

DHI traded up $1.80 during midday trading on Friday, hitting $144.62. The stock had a trading volume of 1,102,436 shares, compared to its average volume of 2,356,659. The company has a market cap of $47.62 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 0.72 and a beta of 1.66. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $165.75. The business has a fifty day moving average of $151.44 and a 200 day moving average of $146.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.08 by $0.44. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.73 EPS. As a group, equities analysts forecast that D.R. Horton, Inc. will post 14.26 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $838,799. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Barbara K. Allen sold 449 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the sale, the director now owns 5,650 shares of the company’s stock, valued at $844,053.50. The disclosure for this sale can be found here. Insiders sold 27,812 shares of company stock worth $4,330,617 in the last ninety days. 1.74% of the stock is owned by company insiders.

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.