FCG Investment Co Has $203,000 Position in D.R. Horton, Inc. (NYSE:DHI)

FCG Investment Co trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 46.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,455 shares of the construction company’s stock after selling 1,238 shares during the quarter. FCG Investment Co’s holdings in D.R. Horton were worth $203,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. TCI Wealth Advisors Inc. boosted its position in D.R. Horton by 4.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after buying an additional 58 shares during the period. Covestor Ltd raised its stake in shares of D.R. Horton by 6.6% during the third 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 last quarter. Insigneo Advisory Services LLC lifted its holdings in shares of D.R. Horton by 1.9% during the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock worth $695,000 after purchasing an additional 67 shares during the period. Azzad Asset Management Inc. ADV increased its holdings 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 valued at $1,649,000 after purchasing an additional 72 shares during the period. Finally, Demars Financial Group LLC increased its holdings in D.R. Horton by 3.5% in the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock valued at $419,000 after purchasing an additional 74 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.54% of the stock is currently owned by insiders.

D.R. Horton Stock Performance

NYSE:DHI opened at $145.25 on Friday. The business’s fifty day moving average is $150.81 and its 200 day moving average is $169.01. The firm has a market cap of $46.60 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 0.54 and a beta of 1.75. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. D.R. Horton, Inc. has a 52-week low of $133.02 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7,120,170 billion. D.R. Horton had a return on equity of 18.55% and a net margin of 12.69%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.82 EPS. Research analysts predict that D.R. Horton, Inc. will post 13.97 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Barclays cut their target price on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. Royal Bank of Canada reissued an “underperform” rating and set a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday. Finally, Citigroup decreased their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Two 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 MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $174.53.

About D.R. Horton

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.