FSM Wealth Advisors LLC Sells 201 Shares of D.R. Horton, Inc. (NYSE:DHI)

FSM Wealth Advisors LLC cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,075 shares of the construction company’s stock after selling 201 shares during the period. FSM Wealth Advisors LLC’s holdings in D.R. Horton were worth $367,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DHI. Clear Street Markets LLC bought a new position in D.R. Horton in the 4th quarter valued at $28,000. WealthPLAN Partners LLC bought a new position in shares of D.R. Horton during the 1st quarter worth $31,000. Fairfield Bush & CO. bought a new position in shares of D.R. Horton during the 1st quarter worth $28,000. Sugarloaf Wealth Management LLC bought a new position in shares of D.R. Horton during the 1st quarter worth $42,000. Finally, AdvisorNet Financial Inc grew its stake in shares of D.R. Horton by 26.3% during the 1st quarter. AdvisorNet Financial Inc now owns 490 shares of the construction company’s stock worth $48,000 after acquiring an additional 102 shares during the period. 82.12% of the stock is currently owned by institutional investors.

D.R. Horton Price Performance

DHI traded up $0.91 during midday trading on Monday, hitting $113.28. The stock had a trading volume of 877,445 shares, compared to its average volume of 2,954,796. The company has a market cap of $38.32 billion, a P/E ratio of 8.04, a price-to-earnings-growth ratio of 0.47 and a beta of 1.55. The business has a fifty day moving average of $121.92 and a 200 day moving average of $111.83. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.41 and a current ratio of 6.97. D.R. Horton, Inc. has a 1 year low of $66.01 and a 1 year high of $132.30.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, July 20th. The construction company reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $1.08. The company had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $8.27 billion. D.R. Horton had a return on equity of 23.31% and a net margin of 14.07%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.67 earnings per share. As a group, equities analysts forecast that D.R. Horton, Inc. will post 13.27 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.88%. D.R. Horton’s dividend payout ratio is presently 7.11%.

Insider Activity at D.R. Horton

In other news, CFO Bill W. Wheat sold 32,000 shares of the stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $117.81, for a total value of $3,769,920.00. Following the sale, the chief financial officer now directly owns 219,115 shares of the company’s stock, valued at $25,813,938.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Michael R. Buchanan sold 1,639 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $127.03, for a total transaction of $208,202.17. Following the sale, the director now directly owns 470 shares of the company’s stock, valued at $59,704.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Bill W. Wheat sold 32,000 shares of the stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $117.81, for a total value of $3,769,920.00. Following the sale, the chief financial officer now directly owns 219,115 shares in the company, valued at $25,813,938.15. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DHI. Wedbush reiterated a “neutral” rating and set a $115.00 price target on shares of D.R. Horton in a research note on Wednesday, September 13th. JMP Securities raised their target price on D.R. Horton from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, July 21st. Deutsche Bank Aktiengesellschaft assumed coverage on D.R. Horton in a research note on Wednesday, May 31st. They issued a “buy” rating and a $150.00 target price for the company. StockNews.com assumed coverage on D.R. Horton in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Seaport Res Ptn restated a “buy” rating on shares of D.R. Horton in a research note on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $136.19.

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 106 markets across 33 states under the names of D.R.