D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC lessened its stake in D.R. Horton, Inc. (NYSE:DHI) by 10.9% during the fourth quarter, Holdings Channel reports. The firm owned 659 shares of the construction company’s stock after selling 81 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in D.R. Horton were worth $92,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Mountaineer Partners Management LLC acquired a new position in shares of D.R. Horton in the 3rd quarter valued at $1,853,178,000. FMR LLC lifted its holdings in shares of D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after acquiring an additional 2,442,581 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of D.R. Horton by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock valued at $1,351,435,000 after acquiring an additional 21,073 shares in the last quarter. Smead Capital Management Inc. lifted its holdings in shares of D.R. Horton by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock valued at $480,106,000 after acquiring an additional 84,835 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after acquiring an additional 120,892 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

DHI opened at $142.98 on Friday. The company has a 50-day moving average of $150.44 and a 200-day moving average of $168.84. The company has a market capitalization of $45.87 billion, a P/E ratio of 10.10, a PEG ratio of 0.56 and a beta of 1.75. D.R. Horton, Inc. has a 1-year low of $133.02 and a 1-year high of $199.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.61 and a current ratio of 6.92.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7,120,170 billion. During the same quarter in the prior year, the firm earned $2.82 EPS. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities analysts expect that D.R. Horton, Inc. will post 13.87 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s dividend payout ratio is presently 11.31%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group reduced their target price on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Royal Bank of Canada restated an “underperform” rating and set a $125.00 target price on shares of D.R. Horton in a report on Wednesday. BTIG Research dropped their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Wells Fargo & Company dropped their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $174.53.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.54% of the company’s stock.

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.