Contravisory Investment Management Inc. Sells 126 Shares of D.R. Horton, Inc. (NYSE:DHI)

Contravisory Investment Management Inc. decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 0.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 52,195 shares of the construction company’s stock after selling 126 shares during the quarter. Contravisory Investment Management Inc.’s holdings in D.R. Horton were worth $7,298,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DHI. Coastline Trust Co bought a new stake in D.R. Horton during the third quarter worth about $26,000. Rakuten Securities Inc. increased its holdings in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton raised its position in D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after purchasing an additional 165 shares during the last quarter. Wolff Wiese Magana LLC increased its stake in shares of D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after buying an additional 196 shares in the last quarter. Finally, Grove Bank & Trust raised 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 valued at $41,000 after buying an additional 93 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Activity

In related news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the subject of several research reports. JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $188.00 to $156.00 in a research report on Friday, December 13th. StockNews.com cut D.R. Horton from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. The Goldman Sachs Group lowered their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Barclays reissued an “equal weight” rating and set a $170.00 price target (down from $192.00) on shares of D.R. Horton in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and an average target price of $176.53.

D.R. Horton Price Performance

DHI stock opened at $145.47 on Thursday. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 1 year low of $133.02 and a 1 year high of $199.85. The stock has a market cap of $46.67 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 0.51 and a beta of 1.75. The stock has a 50-day moving average price of $153.12 and a two-hundred day moving average price of $168.80.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the previous year, the firm posted $4.45 earnings per share. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. Equities analysts forecast that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a $0.40 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s payout ratio is currently 11.14%.

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.