Winnow Wealth LLC Cuts Stake in D.R. Horton, Inc. $DHI

Winnow Wealth LLC lessened its holdings in D.R. Horton, Inc. (NYSE:DHIFree Report) by 90.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 514 shares of the construction company’s stock after selling 5,131 shares during the period. Winnow Wealth LLC’s holdings in D.R. Horton were worth $75,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DHI. Merit Financial Group LLC grew its holdings in D.R. Horton by 25.6% during the 4th quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company’s stock worth $2,635,000 after acquiring an additional 3,726 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of D.R. Horton by 41.5% in the 4th quarter. Nordea Investment Management AB now owns 1,239,316 shares of the construction company’s stock valued at $179,428,000 after purchasing an additional 363,573 shares in the last quarter. Arete Wealth Advisors LLC purchased a new stake in shares of D.R. Horton during the 3rd quarter worth $946,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of D.R. Horton by 1.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 569,423 shares of the construction company’s stock worth $82,253,000 after purchasing an additional 9,765 shares in the last quarter. Finally, TD Asset Management Inc increased its holdings in D.R. Horton by 769.3% in the third quarter. TD Asset Management Inc now owns 893,226 shares of the construction company’s stock valued at $151,375,000 after buying an additional 790,475 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of research analyst reports. Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. UBS Group lifted their price target on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Finally, The Goldman Sachs Group boosted their target price on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $168.54.

Read Our Latest Stock Analysis on D.R. Horton

D.R. Horton Stock Up 4.9%

Shares of NYSE:DHI opened at $151.28 on Wednesday. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The firm has a market cap of $42.90 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 2.02 and a beta of 1.37. The stock’s 50-day moving average price is $145.97 and its two-hundred day moving average price is $149.74. D.R. Horton, Inc. has a 12-month low of $119.54 and a 12-month high of $184.54.

D.R. Horton (NYSE:DHIGet Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The business had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same period in the prior year, the firm posted $2.58 EPS. The company’s revenue was down 2.3% on a year-over-year basis. On average, research analysts forecast that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s payout ratio is presently 16.87%.

D.R. Horton Company Profile

(Free Report)

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.

Further Reading

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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