Chevy Chase Trust Holdings LLC Sells 4,548 Shares of D.R. Horton, Inc. $DHI

Chevy Chase Trust Holdings LLC trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 141,782 shares of the construction company’s stock after selling 4,548 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in D.R. Horton were worth $24,028,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Concord Wealth Partners acquired a new position in D.R. Horton in the third quarter worth about $25,000. Canton Hathaway LLC acquired a new stake in D.R. Horton during the third quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in D.R. Horton during the third quarter valued at approximately $27,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of D.R. Horton in the 2nd quarter valued at approximately $29,000. Finally, Ameriflex Group Inc. acquired a new position in shares of D.R. Horton in the 3rd quarter worth approximately $31,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at D.R. Horton

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the sale, the senior vice president owned 6,457 shares of the company’s stock, valued at $1,081,870.35. This represents a 3.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DHI has been the subject of several analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 29th. The Goldman Sachs Group reiterated a “buy” rating and set a $195.00 price objective on shares of D.R. Horton in a research note on Tuesday, January 13th. UBS Group reissued a “buy” rating on shares of D.R. Horton in a report on Thursday. BTIG Research set a $182.00 target price on shares of D.R. Horton in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $155.00 target price (down from $180.00) on shares of D.R. Horton in a report on Tuesday, January 6th. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $159.93.

D.R. Horton Stock Up 1.1%

NYSE DHI opened at $141.98 on Tuesday. The stock’s 50 day simple moving average is $154.82 and its 200 day simple moving average is $156.19. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $184.54. The firm has a market cap of $41.13 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 2.17 and a beta of 1.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98.

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

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.3%. D.R. Horton’s dividend payout ratio is 16.35%.

About D.R. Horton

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.