Lodestone Wealth Management LLC Sells 1,379 Shares of D.R. Horton, Inc. (NYSE:DHI)

Lodestone Wealth Management LLC decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 7.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,926 shares of the construction company’s stock after selling 1,379 shares during the quarter. D.R. Horton makes up approximately 1.3% of Lodestone Wealth Management LLC’s holdings, making the stock its 27th largest holding. Lodestone Wealth Management LLC’s holdings in D.R. Horton were worth $2,506,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Mountaineer Partners Management LLC bought a new position in D.R. Horton in the 3rd quarter worth about $1,853,178,000. FMR LLC lifted its stake 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 valued at $1,508,252,000 after acquiring an additional 2,442,581 shares during the period. Geode Capital Management LLC lifted its stake in 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 during the period. Smead Capital Management Inc. lifted its stake in 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 during the period. Finally, Principal Financial Group Inc. lifted its stake in 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 during the period. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Up 1.0 %

D.R. Horton stock opened at $130.63 on Friday. The firm has a 50 day moving average of $142.12 and a 200 day moving average of $166.44. The firm has a market capitalization of $41.16 billion, a price-to-earnings ratio of 9.23, a P/E/G ratio of 0.58 and a beta of 1.76. D.R. Horton, Inc. has a 12-month low of $125.84 and a 12-month high of $199.85. 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 announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) 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 analyst estimates of $7.12 billion. During the same period last year, the firm posted $2.82 EPS. The company’s revenue was down 1.5% on a year-over-year basis. As a group, research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

Analyst Ratings Changes

DHI has been the topic of several research analyst reports. Wedbush restated a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $188.00 to $156.00 in a research report on Friday, December 13th. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. Finally, Barclays reduced their price target on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $170.93.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.54% 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.