Bradley Foster & Sargent Inc. CT Sells 770 Shares of D.R. Horton, Inc. (NYSE:DHI)

Bradley Foster & Sargent Inc. CT lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,811 shares of the construction company’s stock after selling 770 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in D.R. Horton were worth $11,439,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DHI. Coastline Trust Co purchased a new stake in shares of D.R. Horton during the third quarter valued at approximately $26,000. Rakuten Securities Inc. grew its stake in D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of D.R. Horton during the 4th quarter valued at $30,000. FSA Wealth Management LLC bought a new stake in shares of D.R. Horton during the 3rd quarter worth $47,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of D.R. Horton in the 3rd quarter worth about $50,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Price Performance

DHI stock opened at $128.62 on Friday. The firm has a 50 day simple moving average of $139.42 and a two-hundred day simple moving average of $164.71. 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 $40.53 billion, a PE ratio of 9.09, a P/E/G ratio of 0.54 and a beta of 1.76. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last released 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. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the prior year, the firm earned $2.82 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. On average, analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given 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 1.24%. D.R. Horton’s payout ratio is 11.31%.

Analyst Ratings Changes

Several brokerages have recently issued reports on DHI. The Goldman Sachs Group decreased their price target on shares of 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. Wedbush restated a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Finally, BTIG Research cut their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Two equities research 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 MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $170.93.

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.