DAVENPORT & Co LLC Sells 7,568 Shares of D.R. Horton, Inc. $DHI

DAVENPORT & Co LLC cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 21.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 27,895 shares of the construction company’s stock after selling 7,568 shares during the quarter. DAVENPORT & Co LLC’s holdings in D.R. Horton were worth $4,018,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pensionfund Sabic bought a new stake in shares of D.R. Horton during the 4th quarter worth approximately $1,311,000. Stolper Co grew its stake in shares of D.R. Horton by 1.6% in the fourth quarter. Stolper Co now owns 36,798 shares of the construction company’s stock valued at $5,300,000 after buying an additional 569 shares in the last quarter. RoundAngle Advisors LLC increased its holdings in D.R. Horton by 2.4% during the fourth quarter. RoundAngle Advisors LLC now owns 10,295 shares of the construction company’s stock worth $1,483,000 after buying an additional 246 shares during the last quarter. Overbrook Management Corp acquired a new position in D.R. Horton during the fourth quarter worth $12,571,000. Finally, Capital Asset Advisory Services LLC raised its position in D.R. Horton by 6.3% during the fourth quarter. Capital Asset Advisory Services LLC now owns 1,525 shares of the construction company’s stock worth $220,000 after acquiring an additional 91 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of recent analyst reports. Evercore increased their price target on shares of D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a research note on Wednesday, January 21st. Argus upped their target price on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 23rd. The Goldman Sachs Group reiterated a “buy” rating and set a $195.00 price target on shares of D.R. Horton in a report on Tuesday, January 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 29th. Finally, Truist Financial set a $155.00 price objective on D.R. Horton and gave the company a “hold” rating in a research note on Tuesday, March 3rd. 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 data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and an average target price of $159.93.

D.R. Horton Price Performance

NYSE:DHI opened at $134.24 on Friday. The company has a market cap of $38.89 billion, a P/E ratio of 12.19, a P/E/G ratio of 2.10 and a beta of 1.43. The firm’s fifty day moving average price is $151.87 and its two-hundred day moving average price is $154.10. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $184.54. 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 posted its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. The company had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. D.R. Horton’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.61 EPS. Equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders 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 (DPR) is 16.35%.

Insider Activity

In other news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the sale, the senior vice president owned 6,457 shares in the company, valued at $1,081,870.35. The trade was a 3.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.66% of the stock is currently owned by corporate insiders.

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.