D.R. Horton, Inc. (NYSE:DHI) Shares Sold by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 36.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,907 shares of the construction company’s stock after selling 1,080 shares during the period. J. W. Coons Advisors LLC’s holdings in D.R. Horton were worth $267,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mountaineer Partners Management LLC acquired a new position in shares of D.R. Horton in the third quarter worth about $1,853,178,000. FMR LLC increased its holdings in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in D.R. Horton during the 3rd quarter worth approximately $72,672,000. Nordea Investment Management AB raised its position in shares of D.R. Horton by 112.7% in the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock valued at $57,255,000 after purchasing an additional 215,947 shares in the last quarter. Finally, KBC Group NV boosted its stake 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 buying an additional 212,112 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of research analyst reports. Wedbush reiterated a “neutral” rating and set a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Wells Fargo & Company lowered their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. JMP Securities reiterated a “market outperform” rating and set a $210.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Price Performance

NYSE DHI opened at $126.43 on Tuesday. The company has a 50-day moving average price of $138.51 and a two-hundred day moving average price of $163.95. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85. The stock has a market cap of $39.84 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the company posted $2.82 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s payout ratio is currently 11.31%.

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.