D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 659 shares of the construction company’s stock after selling 81 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in D.R. Horton were worth $92,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Coastline Trust Co acquired a new stake in D.R. Horton in the third quarter valued at about $26,000. Rakuten Securities Inc. lifted its position in D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares during the period. Rosenberg Matthew Hamilton lifted its position in D.R. Horton by 152.8% in the fourth 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 period. Wolff Wiese Magana LLC lifted its position in 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 purchasing an additional 196 shares during the period. Finally, Grove Bank & Trust lifted its position in 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 purchasing an additional 93 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on DHI. BTIG Research reduced their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Royal Bank of Canada restated an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday. The Goldman Sachs Group dropped their target price on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. UBS Group dropped their target price on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Barclays dropped their target price on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and a consensus price target of $174.53.

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 transaction of $921,515.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.54% of the stock is owned by company insiders.

D.R. Horton Trading Down 1.6 %

Shares of DHI opened at $142.98 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.61. The firm has a 50 day simple moving average of $150.44 and a 200-day simple moving average of $168.84. 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 $45.87 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7,120,170 billion. During the same quarter last year, the business earned $2.82 earnings per share. D.R. Horton’s revenue was down 1.5% compared to the same quarter last year. Equities analysts forecast that D.R. Horton, Inc. will post 13.87 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.12%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

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.