Institute for Wealth Management LLC. Reduces Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Institute for Wealth Management LLC. trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,383 shares of the construction company’s stock after selling 79 shares during the quarter. Institute for Wealth Management LLC.’s holdings in D.R. Horton were worth $333,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DHI. Algert Global LLC boosted its holdings in D.R. Horton by 11.4% in the second quarter. Algert Global LLC now owns 2,730 shares of the construction company’s stock valued at $385,000 after purchasing an additional 280 shares during the last quarter. Creative Planning boosted its stake in shares of D.R. Horton by 1.8% in the second quarter. Creative Planning now owns 37,322 shares of the construction company’s stock worth $5,260,000 after buying an additional 670 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of D.R. Horton by 8.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 17,685 shares of the construction company’s stock worth $2,493,000 after buying an additional 1,422 shares during the last quarter. NewEdge Advisors LLC raised its position in D.R. Horton by 67.2% during the second quarter. NewEdge Advisors LLC now owns 10,682 shares of the construction company’s stock valued at $1,505,000 after acquiring an additional 4,295 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its holdings in D.R. Horton by 105.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 675 shares of the construction company’s stock valued at $95,000 after acquiring an additional 346 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

DHI opened at $141.88 on Friday. D.R. Horton, Inc. has a twelve month low of $133.02 and a twelve month high of $199.85. The firm has a market capitalization of $44.71 billion, a PE ratio of 10.03, a PEG ratio of 0.57 and a beta of 1.75. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average price is $148.67 and its 200 day moving average price is $168.89.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the previous year, the firm posted $2.82 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 13.71 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. D.R. Horton’s dividend payout ratio is presently 11.31%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DHI. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and cut their target price for the company from $188.00 to $156.00 in a report on Friday, December 13th. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Wedbush restated a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. The Goldman Sachs Group reduced their price target on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Evercore ISI dropped their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average target price of $170.20.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

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.