Cwm LLC Trims Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Cwm LLC lessened its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 22.6% during the 4th 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 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Legal Advantage Investments Inc. raised its position in D.R. Horton by 2.5% in the fourth quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock valued at $467,000 after purchasing an additional 75 shares during the period. Wealthsource Partners LLC raised its position in D.R. Horton by 2.7% in the fourth quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock valued at $445,000 after purchasing an additional 78 shares during the period. SRS Capital Advisors Inc. raised its position in D.R. Horton by 2.2% in the third quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock valued at $391,000 after purchasing an additional 79 shares during the period. FineMark National Bank & Trust raised its position in D.R. Horton by 2.0% in the third quarter. FineMark National Bank & Trust now owns 4,035 shares of the construction company’s stock valued at $434,000 after purchasing an additional 80 shares during the period. Finally, Tiemann Investment Advisors LLC raised its position in D.R. Horton by 1.6% in the third quarter. Tiemann Investment Advisors LLC now owns 5,447 shares of the construction company’s stock valued at $585,000 after purchasing an additional 85 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $809,419. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Barbara K. Allen sold 363 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the sale, the director now directly owns 5,650 shares in the company, valued at $838,799. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 1,748 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at $809,419. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,560 shares of company stock valued at $4,279,636. Corporate insiders own 1.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JMP Securities boosted their price target on shares of D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 24th. Barclays dropped their price target on shares of D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. BTIG Research dropped their price target on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Raymond James boosted their target price on shares of D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Royal Bank of Canada lowered their target price on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $158.06.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $144.20 on Friday. The stock has a market capitalization of $47.85 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 0.73 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 50-day simple moving average of $151.91 and a 200-day simple moving average of $139.83. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same period last year, the company posted $2.73 earnings per share. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, analysts predict that D.R. Horton, Inc. will post 14.27 EPS for the current year.

D.R. Horton Dividend Announcement

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

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.