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

Mader & Shannon Wealth Management Inc. lowered its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,071 shares of the construction company’s stock after selling 2,678 shares during the quarter. D.R. Horton makes up approximately 2.3% of Mader & Shannon Wealth Management Inc.’s holdings, making the stock its 13th biggest position. Mader & Shannon Wealth Management Inc.’s holdings in D.R. Horton were worth $4,020,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. TCI Wealth Advisors Inc. grew its stake in shares of D.R. Horton by 4.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after acquiring an additional 58 shares during the period. Premier Path Wealth Partners LLC grew its stake in shares of D.R. Horton by 1.0% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock valued at $872,000 after acquiring an additional 59 shares during the period. Coldstream Capital Management Inc. grew its stake in shares of D.R. Horton by 1.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock valued at $739,000 after acquiring an additional 60 shares during the period. Whittier Trust Co. boosted its stake in D.R. Horton by 1.7% in the 2nd quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock worth $520,000 after purchasing an additional 63 shares during the period. Finally, Values First Advisors Inc. boosted its stake in D.R. Horton by 0.7% in the 2nd quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock worth $1,251,000 after purchasing an additional 66 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

NYSE:DHI opened at $163.53 on Friday. The stock’s fifty day moving average is $179.77 and its 200 day moving average is $167.46. D.R. Horton, Inc. has a fifty-two week low of $125.28 and a fifty-two week high of $199.85. The firm has a market capitalization of $52.52 billion, a PE ratio of 11.39, a PEG ratio of 0.59 and a beta of 1.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the previous year, the company posted $4.45 EPS. The business’s quarterly revenue was down 4.7% on a year-over-year basis. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 14.4 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a $0.40 dividend. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on DHI shares. JPMorgan Chase & Co. upped their price target on D.R. Horton from $180.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. UBS Group dropped their price target on D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. 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 note on Tuesday, October 15th. Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada dropped their price target on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $185.87.

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.