Amalgamated Bank Trims Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Amalgamated Bank reduced its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 55,962 shares of the construction company’s stock after selling 4,324 shares during the period. Amalgamated Bank’s holdings in D.R. Horton were worth $7,825,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new stake in shares of D.R. Horton during the third quarter valued at $15,285,000. Nisa Investment Advisors LLC boosted its position in D.R. Horton by 9.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 124,958 shares of the construction company’s stock valued at $23,838,000 after buying an additional 11,198 shares during the period. First Trust Direct Indexing L.P. grew its stake in D.R. Horton by 4.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,948 shares of the construction company’s stock worth $1,898,000 after acquiring an additional 464 shares in the last quarter. Cornerstone Wealth Group LLC purchased a new position in shares of D.R. Horton during the third quarter worth approximately $275,000. Finally, Catalyst Financial Partners LLC bought a new stake in shares of D.R. Horton during the third quarter valued at approximately $216,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI opened at $128.40 on Thursday. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85. The stock has a fifty day moving average price of $137.96 and a 200-day moving average price of $163.42. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market cap of $40.46 billion, a PE ratio of 9.07, a P/E/G ratio of 0.54 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $7.12 billion. During the same quarter last year, the company earned $2.82 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. D.R. Horton’s payout ratio is 11.31%.

Wall Street Analysts Forecast Growth

DHI has been the topic of several research analyst reports. Evercore ISI dropped their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Citigroup decreased their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Bank of America cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $160.00 to $150.00 in a report on Monday, January 27th. Finally, Wedbush restated a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $170.93.

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.