Graypoint LLC Sells 455 Shares of D.R. Horton, Inc. (NYSE:DHI)

Graypoint LLC reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 11.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,388 shares of the construction company’s stock after selling 455 shares during the quarter. Graypoint LLC’s holdings in D.R. Horton were worth $474,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DHI. KBC Group NV boosted its position in shares of D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after acquiring an additional 212,112 shares during the last quarter. Legacy CG LLC bought a new stake in D.R. Horton during the third quarter valued at approximately $4,220,000. Toronto Dominion Bank grew its stake in D.R. Horton by 17.3% in the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock worth $20,025,000 after buying an additional 15,460 shares in the last quarter. Pensionfund Sabic increased its holdings in shares of D.R. Horton by 70.2% in the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock worth $1,356,000 after buying an additional 4,000 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in shares of D.R. Horton by 904.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock worth $7,795,000 after buying an additional 36,780 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 2.4 %

NYSE DHI opened at $136.52 on Friday. D.R. Horton, Inc. has a 12 month low of $133.02 and a 12 month high of $199.85. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average price is $154.38 and its 200-day moving average price is $168.61. The stock has a market cap of $43.85 billion, a P/E ratio of 9.51, a P/E/G ratio of 0.56 and a beta of 1.71.

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

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a $0.40 dividend. The ex-dividend date was Tuesday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 1.17%. D.R. Horton’s dividend payout ratio is 11.14%.

Wall Street Analyst Weigh In

DHI has been the topic of a number of research reports. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. Barclays restated an “equal weight” rating and issued a $170.00 target price (down previously from $192.00) on shares of D.R. Horton in a research report on Wednesday, December 11th. Wedbush upgraded shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target on the stock in a research report on Tuesday, October 15th. BTIG Research lowered 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 report on Wednesday, October 30th. Finally, Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $176.93.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction on 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 filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.74% of the company’s stock.

D.R. Horton 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.