Cwm LLC Sells 3,417 Shares of D.R. Horton, Inc. (NYSE:DHI)

Cwm LLC trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 22.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,720 shares of the construction company’s stock after selling 3,417 shares during the quarter. Cwm LLC’s holdings in D.R. Horton were worth $1,781,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Greenhaven Associates Inc. increased its stake in D.R. Horton by 1.0% in the 4th quarter. Greenhaven Associates Inc. now owns 3,547,948 shares of the construction company’s stock worth $539,217,000 after acquiring an additional 34,366 shares during the last quarter. Northern Trust Corp increased its stake in D.R. Horton by 3.2% in the 3rd quarter. Northern Trust Corp now owns 3,389,414 shares of the construction company’s stock worth $364,260,000 after acquiring an additional 104,453 shares during the last quarter. Morgan Stanley increased its stake in D.R. Horton by 3.4% in the 3rd quarter. Morgan Stanley now owns 3,254,275 shares of the construction company’s stock worth $349,737,000 after acquiring an additional 106,074 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of D.R. Horton by 21.7% during the 4th quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock valued at $412,503,000 after purchasing an additional 484,058 shares during the last quarter. Finally, Earnest Partners LLC increased its position in shares of D.R. Horton by 1.1% during the 3rd quarter. Earnest Partners LLC now owns 1,723,819 shares of the construction company’s stock valued at $185,259,000 after purchasing an additional 19,396 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Price Performance

NYSE DHI opened at $144.20 on Friday. The company has a market capitalization of $47.85 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 0.73 and a beta of 1.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The business’s fifty day moving average is $151.91 and its 200 day moving average is $139.83. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $165.75.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. During the same period in the previous year, the business earned $2.73 earnings per share. D.R. Horton’s quarterly revenue was up 14.2% compared to the same quarter last year. Sell-side analysts predict that D.R. Horton, Inc. will post 14.27 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.83%. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $809,419. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $809,419. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at $844,053.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,560 shares of company stock valued at $4,279,636. 1.74% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DHI shares. UBS Group increased their price objective on D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, April 19th. BTIG Research dropped their target price on D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Jefferies Financial Group increased their target price on D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a report on Friday, April 19th. The Goldman Sachs Group increased their target price on D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Raymond James increased their target price on D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.06.

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.