Inlet Private Wealth LLC Has $6.55 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Inlet Private Wealth LLC cut its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.9% in the fourth quarter, Holdings Channel reports. The firm owned 46,860 shares of the construction company’s stock after selling 1,400 shares during the period. D.R. Horton accounts for 1.7% of Inlet Private Wealth LLC’s investment portfolio, making the stock its 14th largest holding. Inlet Private Wealth LLC’s holdings in D.R. Horton were worth $6,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in DHI. Western Financial Corp CA raised its position in D.R. Horton by 12.5% during the fourth quarter. Western Financial Corp CA now owns 5,088 shares of the construction company’s stock valued at $711,000 after acquiring an additional 565 shares in the last quarter. Mediolanum International Funds Ltd increased its stake in shares of D.R. Horton by 11.7% during the 4th quarter. Mediolanum International Funds Ltd now owns 72,756 shares of the construction company’s stock worth $10,129,000 after purchasing an additional 7,599 shares during the last quarter. Westhampton Capital LLC bought a new position in shares of D.R. Horton during the 4th quarter valued at $210,000. Swedbank AB lifted its stake in shares of D.R. Horton by 27.0% in the 4th quarter. Swedbank AB now owns 427,045 shares of the construction company’s stock valued at $59,709,000 after purchasing an additional 90,776 shares during the last quarter. Finally, Capital Investment Counsel LLC boosted its holdings in D.R. Horton by 0.8% in the fourth quarter. Capital Investment Counsel LLC now owns 45,261 shares of the construction company’s stock worth $6,328,000 after purchasing an additional 365 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on DHI. Wedbush reissued a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and lowered their target price for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Evercore ISI cut their target price on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $170.20.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.54% of the company’s stock.

D.R. Horton Stock Performance

NYSE:DHI opened at $141.88 on Friday. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $148.24 and a 200 day moving average price of $168.82. The firm has a market capitalization of $44.71 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 0.57 and a beta of 1.75. D.R. Horton, Inc. has a 12-month low of $133.02 and a 12-month high of $199.85.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the firm earned $2.82 EPS. D.R. Horton’s quarterly revenue was down 1.5% on a year-over-year basis. Research analysts anticipate that D.R. Horton, Inc. will post 13.71 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. D.R. Horton’s dividend payout ratio is 11.31%.

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.