D.R. Horton, Inc. $DHI Position Trimmed by Assetmark Inc.

Assetmark Inc. reduced its holdings in D.R. Horton, Inc. (NYSE:DHI) by 19.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 407,258 shares of the construction company’s stock after selling 100,963 shares during the period. Assetmark Inc.’s holdings in D.R. Horton were worth $69,018,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Concord Wealth Partners bought a new position in D.R. Horton in the third quarter worth about $25,000. Canton Hathaway LLC acquired a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $27,000. Twin Peaks Wealth Advisors LLC acquired a new position in D.R. Horton during the 2nd quarter valued at approximately $29,000. Finally, Westfuller Advisors LLC bought a new position in D.R. Horton during the 3rd quarter worth $34,000. Institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DHI. Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a report on Tuesday, January 27th. Bank of America set a $158.00 target price on shares of D.R. Horton in a research note on Wednesday, January 21st. Argus lifted their price target on D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Citigroup decreased their price objective on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Finally, BTIG Research set a $182.00 target price on D.R. Horton in a research note on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $160.29.

D.R. Horton Stock Performance

DHI opened at $164.47 on Friday. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. The firm has a market cap of $47.65 billion, a PE ratio of 14.94, a P/E/G ratio of 2.53 and a beta of 1.44. The business has a fifty day simple moving average of $152.29 and a 200-day simple moving average of $156.79. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. The business had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.D.R. Horton’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter last year, the company posted $2.61 EPS. As a group, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, February 5th. D.R. Horton’s dividend payout ratio is 16.35%.

D.R. Horton Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.