Central Bank & Trust Co. Reduces Position in D.R. Horton, Inc. (NYSE:DHI)

Central Bank & Trust Co. trimmed its stake in D.R. Horton, Inc. (NYSE:DHI) by 18.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,760 shares of the construction company’s stock after selling 6,819 shares during the period. Central Bank & Trust Co.’s holdings in D.R. Horton were worth $4,161,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DHI. TCI Wealth Advisors Inc. grew its stake in shares of D.R. Horton by 4.1% during the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after buying an additional 58 shares during the last quarter. Covestor Ltd boosted its holdings in D.R. Horton by 6.6% during the 3rd quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock valued at $203,000 after acquiring an additional 66 shares during the period. Insigneo Advisory Services LLC grew its position in D.R. Horton by 1.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after acquiring an additional 67 shares during the last quarter. Azzad Asset Management Inc. ADV increased its stake in D.R. Horton by 0.8% in the third quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company’s stock worth $1,649,000 after purchasing an additional 72 shares during the period. Finally, Demars Financial Group LLC lifted its position in shares of D.R. Horton by 3.5% during the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock worth $419,000 after purchasing an additional 74 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on DHI shares. Wells Fargo & Company cut their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Barclays dropped their target price on shares of D.R. Horton from $170.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. The Goldman Sachs Group decreased 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 note on Tuesday, January 14th. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Finally, Evercore ISI decreased their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $176.20.

D.R. Horton Trading Up 0.8 %

NYSE DHI opened at $147.83 on Tuesday. The firm has a market cap of $47.43 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.51 and a beta of 1.75. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85. 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 company has a 50 day moving average price of $151.85 and a 200 day moving average price of $169.02.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 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 for the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the prior year, the company posted $4.45 EPS. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, sell-side 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. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.08%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio is 11.14%.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company’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 available at this hyperlink. 0.54% of the stock is currently owned by insiders.

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.