Mader & Shannon Wealth Management Inc. Cuts Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Mader & Shannon Wealth Management Inc. decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,355 shares of the construction company’s stock after selling 716 shares during the quarter. D.R. Horton accounts for approximately 1.8% of Mader & Shannon Wealth Management Inc.’s portfolio, making the stock its 14th largest position. Mader & Shannon Wealth Management Inc.’s holdings in D.R. Horton were worth $2,846,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DHI. TCI Wealth Advisors Inc. boosted its stake in D.R. Horton by 4.1% in the third 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 in the last quarter. Covestor Ltd boosted its stake in D.R. Horton by 6.6% in the third quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after buying an additional 66 shares in the last quarter. Insigneo Advisory Services LLC boosted its stake in D.R. Horton by 1.9% in the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock worth $695,000 after buying an additional 67 shares in the last quarter. Demars Financial Group LLC boosted its stake 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 worth $419,000 after buying an additional 74 shares in the last quarter. Finally, Private Trust Co. NA boosted its stake in D.R. Horton by 1.0% in the third quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock worth $1,454,000 after buying an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $126.74 on Thursday. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The company has a market cap of $39.94 billion, a PE ratio of 8.96, a P/E/G ratio of 0.55 and a beta of 1.76. The business has a 50 day moving average of $140.41 and a 200 day moving average of $165.23. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85.

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

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

Analyst Ratings Changes

Several analysts have issued reports on DHI shares. JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Evercore ISI cut their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. The Goldman Sachs Group cut their target price on 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. UBS Group lowered their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $170.93.

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.