D.R. Horton, Inc. (NYSE:DHI) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,801 shares of the construction company’s stock after selling 116 shares during the period. EP Wealth Advisors LLC’s holdings in D.R. Horton were worth $1,091,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DHI. Nemes Rush Group LLC raised its position in shares of D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after buying an additional 82 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in D.R. Horton during the fourth quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in D.R. Horton in the fourth quarter worth approximately $38,000. Rosenberg Matthew Hamilton boosted its stake in D.R. Horton by 152.8% during 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 in the last quarter. Finally, Sierra Ocean LLC acquired a new position in shares of D.R. Horton during the 4th quarter valued at $43,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Down 1.5 %

NYSE:DHI opened at $122.01 on Friday. The stock’s 50-day moving average is $125.33 and its two-hundred day moving average is $140.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The stock has a market cap of $37.48 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing the consensus estimate of $2.69 by ($0.11). The company had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same quarter in the prior year, the company posted $3.52 EPS. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.31%. D.R. Horton’s payout ratio is 12.11%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. JMP Securities cut their price objective on D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating for the company in a report on Monday, April 21st. Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. BTIG Research lowered their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. The Goldman Sachs Group dropped their price target on D.R. Horton from $173.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Finally, Royal Bank of Canada reduced their price objective on D.R. Horton from $125.00 to $105.00 and set an “underperform” rating for the company in a research note on Monday, April 21st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and an average target price of $151.15.

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.