D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Atwood & Palmer Inc.

Atwood & Palmer Inc. cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 0.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 229,353 shares of the construction company’s stock after selling 2,057 shares during the period. D.R. Horton makes up approximately 2.0% of Atwood & Palmer Inc.’s holdings, making the stock its 17th largest holding. Atwood & Palmer Inc. owned about 0.07% of D.R. Horton worth $29,158,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sanibel Captiva Trust Company Inc. raised its holdings in shares of D.R. Horton by 9.4% in the first quarter. Sanibel Captiva Trust Company Inc. now owns 8,031 shares of the construction company’s stock worth $1,021,000 after acquiring an additional 690 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of D.R. Horton by 262.6% during the 1st quarter. SG Americas Securities LLC now owns 173,987 shares of the construction company’s stock worth $22,119,000 after buying an additional 126,003 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of D.R. Horton by 51.0% in the 1st quarter. GAMMA Investing LLC now owns 7,211 shares of the construction company’s stock worth $917,000 after purchasing an additional 2,437 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in D.R. Horton during the 1st quarter worth approximately $693,000. Finally, Pallas Capital Advisors LLC raised its stake in shares of D.R. Horton by 265.9% in the 1st quarter. Pallas Capital Advisors LLC now owns 5,565 shares of the construction company’s stock valued at $707,000 after acquiring an additional 4,044 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Price Performance

NYSE:DHI opened at $122.66 on Tuesday. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85. The firm has a market capitalization of $37.68 billion, a price-to-earnings ratio of 8.67, a P/E/G ratio of 0.54 and a beta of 1.37. The stock’s 50 day moving average price is $121.90 and its two-hundred day moving average price is $133.48. 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 Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). The company had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same quarter last year, the company posted $3.52 EPS. On average, analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.30%. D.R. Horton’s dividend payout ratio is presently 12.11%.

Wall Street Analysts Forecast Growth

DHI has been the topic of several recent analyst reports. JMP Securities cut their price target on D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. dropped their price objective on shares of D.R. Horton from $132.00 to $111.00 and set an “underweight” rating on the stock in a research note on Monday, April 21st. The Goldman Sachs Group cut their target price on D.R. Horton from $173.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company lowered their target price on D.R. Horton from $175.00 to $160.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Finally, Barclays decreased their target price on shares of D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating for the company in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and an average target price of $151.15.

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.