Graypoint LLC Decreases Holdings in D.R. Horton, Inc. (NYSE:DHI)

Graypoint LLC reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 11.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,388 shares of the construction company’s stock after selling 455 shares during the period. Graypoint LLC’s holdings in D.R. Horton were worth $474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. TCI Wealth Advisors Inc. boosted its position 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 purchasing an additional 58 shares during the last quarter. Covestor Ltd lifted its stake in shares of D.R. Horton by 6.6% in the 3rd quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after purchasing an additional 66 shares during the period. Insigneo Advisory Services LLC boosted its holdings in shares of 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 during the last quarter. Azzad Asset Management Inc. ADV grew its position in D.R. Horton by 0.8% during the third quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company’s stock valued at $1,649,000 after buying an additional 72 shares during the period. Finally, Demars Financial Group LLC increased its holdings in D.R. Horton by 3.5% during the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock valued at $419,000 after buying an additional 74 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Wedbush upgraded D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target for the company in a research report on Tuesday, October 15th. Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. UBS Group reduced their target price on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Royal Bank of Canada lowered their price target on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a report on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $176.93.

D.R. Horton Price Performance

NYSE:DHI opened at $136.52 on Friday. The business’s 50-day moving average is $154.38 and its 200 day moving average is $168.61. D.R. Horton, Inc. has a 12 month low of $133.02 and a 12 month high of $199.85. The company has a market capitalization 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. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period last year, the company earned $4.45 earnings per share. The firm’s revenue was down 4.7% on a year-over-year basis. On average, equities research analysts forecast that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

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

Insider Activity

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction that occurred 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 legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.74% of the company’s stock.

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.