D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. cut its holdings in D.R. Horton, Inc. (NYSE:DHI) by 18.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,770 shares of the construction company’s stock after selling 830 shares during the period. Desjardins Global Asset Management Inc.’s holdings in D.R. Horton were worth $573,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in DHI. Mascoma Wealth Management LLC increased its stake in D.R. Horton by 345.6% in the third quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock valued at $33,000 after purchasing an additional 235 shares during the last quarter. BluePath Capital Management LLC acquired a new position in shares of D.R. Horton during the 3rd quarter valued at about $33,000. Friedenthal Financial purchased a new position in shares of D.R. Horton during the 4th quarter worth about $47,000. Clear Street Markets LLC acquired a new stake in shares of D.R. Horton in the fourth quarter worth approximately $28,000. Finally, AdvisorNet Financial Inc increased its position in D.R. Horton by 81.8% during the fourth quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock worth $55,000 after purchasing an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 0.2 %

NYSE:DHI opened at $145.74 on Thursday. The stock has a market cap of $48.36 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $165.75. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56. The business’s 50-day simple moving average is $151.94 and its 200 day simple moving average is $138.37.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 23rd. The construction company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.06). D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The business had revenue of $7.73 billion during the quarter, compared to analyst estimates of $7.55 billion. During the same period in the previous year, the company earned $2.76 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 14.24 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.82%. D.R. Horton’s dividend payout ratio is currently 8.63%.

Insider Transactions at D.R. Horton

In other news, insider David V. Auld sold 25,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the sale, the insider now directly owns 773,121 shares in the company, valued at $120,862,005.93. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the sale, the director now owns 5,650 shares of the company’s stock, valued at $844,053.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,197 shares of company stock valued at $4,225,745. Insiders own 1.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Citigroup lifted their price target on shares of D.R. Horton from $166.00 to $191.00 and gave the company a “buy” rating in a report on Friday, April 5th. UBS Group upped their price target on D.R. Horton from $155.00 to $192.00 in a research note on Monday, January 22nd. Barclays raised their price objective on D.R. Horton from $166.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. JMP Securities boosted their target price on D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 24th. Finally, Wedbush lowered shares of D.R. Horton from a “neutral” rating to an “underperform” rating and set a $130.00 price target on the stock. in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, D.R. Horton presently has an average rating of “Moderate Buy” and an average price target of $154.00.

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.