CWA Asset Management Group LLC Buys 150 Shares of D.R. Horton, Inc. (NYSE:DHI)

CWA Asset Management Group LLC raised its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,105 shares of the construction company’s stock after purchasing an additional 150 shares during the period. CWA Asset Management Group LLC’s holdings in D.R. Horton were worth $1,273,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Pensionfund Sabic lifted its stake in D.R. Horton by 70.2% in the fourth quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock worth $1,356,000 after acquiring an additional 4,000 shares during the period. Nordea Investment Management AB lifted its position in shares of D.R. Horton by 112.7% in the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock worth $57,255,000 after purchasing an additional 215,947 shares during the period. Everence Capital Management Inc. increased its position in shares of D.R. Horton by 43.7% during the fourth quarter. Everence Capital Management Inc. now owns 6,350 shares of the construction company’s stock valued at $888,000 after buying an additional 1,930 shares during the period. GAMMA Investing LLC raised its stake in D.R. Horton by 12.6% in the fourth quarter. GAMMA Investing LLC now owns 4,774 shares of the construction company’s stock worth $668,000 after buying an additional 533 shares in the last quarter. Finally, IMS Capital Management lifted its holdings in D.R. Horton by 9.0% in the third quarter. IMS Capital Management now owns 3,813 shares of the construction company’s stock worth $727,000 after buying an additional 316 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DHI. Wedbush upgraded D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price for the company in a research note on Tuesday, October 15th. Evercore ISI reduced their target price on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Royal Bank of Canada lowered their price target on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research report on Wednesday, October 30th. Wells Fargo & Company decreased their target price on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Finally, Barclays reiterated an “equal weight” rating and set a $170.00 price objective (down previously from $192.00) on shares of D.R. Horton in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, D.R. Horton has an average rating of “Hold” and an average price target of $177.40.

D.R. Horton Trading Down 1.2 %

NYSE:DHI opened at $137.73 on Wednesday. The company has a 50 day simple moving average of $156.17 and a two-hundred day simple moving average of $168.87. The company has a market cap of $44.19 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 0.57 and a beta of 1.75. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12 month low of $133.02 and a 12 month high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business’s revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.45 EPS. Research analysts forecast that D.R. Horton, Inc. will post 14.17 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a $0.40 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was 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 Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by company insiders.

D.R. Horton Profile

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.