Great Lakes Retirement Inc. Has $377,000 Position in D.R. Horton, Inc. (NYSE:DHI)

Great Lakes Retirement Inc. lowered its holdings in D.R. Horton, Inc. (NYSE:DHI) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,699 shares of the construction company’s stock after selling 136 shares during the quarter. Great Lakes Retirement Inc.’s holdings in D.R. Horton were worth $377,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Coastline Trust Co acquired a new position in D.R. Horton in the third quarter worth $26,000. Rakuten Securities Inc. boosted its stake in D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after purchasing an additional 117 shares in the last quarter. Wolff Wiese Magana LLC boosted its stake 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 worth $40,000 after purchasing an additional 196 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in D.R. Horton in the fourth quarter worth $30,000. Finally, Grove Bank & Trust boosted its stake in D.R. Horton by 76.2% in the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after purchasing an additional 93 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Down 2.2 %

Shares of D.R. Horton stock opened at $127.77 on Thursday. D.R. Horton, Inc. has a 1 year low of $125.84 and a 1 year high of $199.85. The business has a 50-day moving average of $143.40 and a two-hundred day moving average of $166.97. The company has a market capitalization of $40.26 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the company earned $2.82 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a $0.40 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.25%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DHI shares. Wedbush reaffirmed a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. Citigroup cut their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. BTIG Research cut their price target on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, UBS Group cut their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $170.93.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

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.