Perkins Coie Trust Co Sells 212 Shares of D.R. Horton, Inc. (NYSE:DHI)

Perkins Coie Trust Co trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,923 shares of the construction company’s stock after selling 212 shares during the quarter. Perkins Coie Trust Co’s holdings in D.R. Horton were worth $2,366,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mountaineer Partners Management LLC bought a new stake in shares of D.R. Horton during the 3rd quarter worth about $1,853,178,000. FMR LLC lifted its position in D.R. Horton by 44.7% during the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after acquiring an additional 2,442,581 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of D.R. Horton by 0.3% during the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after acquiring an additional 21,073 shares during the period. Smead Capital Management Inc. grew its position in shares of D.R. Horton by 3.5% in the third quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock valued at $480,106,000 after purchasing an additional 84,835 shares during the last quarter. Finally, Earnest Partners LLC increased its stake in shares of D.R. Horton by 0.4% during the second quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock worth $290,901,000 after purchasing an additional 9,137 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $188.00 to $156.00 in a research note on Friday, December 13th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Friday. Wells Fargo & Company decreased their target price 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. Finally, The Goldman Sachs Group cut their price target on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $176.20.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Stock Performance

D.R. Horton stock opened at $147.83 on Friday. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The stock has a market cap of $47.43 billion, a PE ratio of 10.29, a P/E/G ratio of 0.51 and a beta of 1.75. D.R. Horton, Inc. has a 12-month low of $133.02 and a 12-month high of $199.85. The business’s 50-day moving average price is $151.85 and its two-hundred day moving average price is $168.79.

D.R. Horton (NYSE:DHI) last announced 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). The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the firm posted $4.45 earnings per share. As a group, analysts expect that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a dividend of $0.40 per share. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.08%. D.R. Horton’s dividend payout ratio (DPR) is 11.14%.

D.R. Horton Company 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.