D.R. Horton, Inc. (NYSE:DHI) Shares Sold by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 10.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,143 shares of the construction company’s stock after selling 386 shares during the period. SRS Capital Advisors Inc.’s holdings in D.R. Horton were worth $440,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in DHI. Mountaineer Partners Management LLC purchased a new position in D.R. Horton in the third quarter valued at about $1,853,178,000. FMR LLC increased its holdings in D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after buying an additional 2,442,581 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in D.R. Horton in the third quarter valued at about $72,672,000. Proficio Capital Partners LLC increased its holdings in D.R. Horton by 22,199.7% in the fourth quarter. Proficio Capital Partners LLC now owns 262,914 shares of the construction company’s stock valued at $36,761,000 after buying an additional 261,735 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in D.R. Horton by 112.7% in the fourth quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock valued at $57,255,000 after buying an additional 215,947 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 0.9 %

Shares of DHI opened at $125.63 on Tuesday. The firm has a market cap of $39.59 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The company’s fifty day moving average is $137.19 and its two-hundred day moving average is $162.33. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week high of $199.85. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results 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. The company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. D.R. Horton’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the business earned $2.82 EPS. Analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. D.R. Horton’s payout ratio is 11.31%.

Analyst Ratings Changes

A number of brokerages have issued reports on DHI. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. UBS Group dropped their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Bank of America cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Finally, StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and an average target price of $170.93.

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.