Ghe LLC Sells 6,201 Shares of D.R. Horton, Inc. $DHI

Ghe LLC lessened its holdings in D.R. Horton, Inc. (NYSE:DHI) by 30.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,319 shares of the construction company’s stock after selling 6,201 shares during the period. D.R. Horton accounts for 0.4% of Ghe LLC’s holdings, making the stock its 25th biggest position. Ghe LLC’s holdings in D.R. Horton were worth $1,965,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First Manhattan CO. LLC. lifted its stake in shares of D.R. Horton by 2.0% during the 4th quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock worth $511,000 after buying an additional 70 shares during the last quarter. Deseret Mutual Benefit Administrators raised its holdings in D.R. Horton by 11.0% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock valued at $103,000 after acquiring an additional 71 shares during the period. AMG National Trust Bank lifted its position in D.R. Horton by 0.7% during the fourth quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock worth $1,570,000 after acquiring an additional 74 shares during the last quarter. AdvisorShares Investments LLC boosted its holdings in shares of D.R. Horton by 2.4% during the fourth quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock worth $480,000 after acquiring an additional 77 shares during the period. Finally, Studio Investment Management LLC grew its position in shares of D.R. Horton by 0.3% in the fourth quarter. Studio Investment Management LLC now owns 23,083 shares of the construction company’s stock valued at $3,325,000 after purchasing an additional 79 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on DHI shares. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Wells Fargo & Company boosted their target price on shares of D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. UBS Group upped their price target on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Citigroup lifted their price objective on shares of D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings downgraded shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $168.54.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $151.53 on Monday. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The company has a market cap of $42.97 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 2.12 and a beta of 1.36. The company has a 50 day moving average of $150.34 and a 200-day moving average of $150.28. D.R. Horton, Inc. has a 1-year low of $129.11 and a 1-year high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The business had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. During the same period in the previous year, the business earned $2.58 earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 10.6 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is 16.87%.

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.