D.R. Horton, Inc. $DHI Shares Sold by Earnest Partners LLC

Earnest Partners LLC reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,828,565 shares of the construction company’s stock after selling 11,416 shares during the period. D.R. Horton accounts for about 1.3% of Earnest Partners LLC’s holdings, making the stock its 14th biggest holding. Earnest Partners LLC owned approximately 0.61% of D.R. Horton worth $309,887,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DHI. Concord Wealth Partners acquired a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $25,000. Canton Hathaway LLC acquired a new position in D.R. Horton in the third quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. purchased a new position in D.R. Horton in the third quarter worth approximately $27,000. Twin Peaks Wealth Advisors LLC purchased a new position in D.R. Horton in the second quarter worth approximately $29,000. Finally, Ameriflex Group Inc. acquired a new stake in D.R. Horton during the third quarter worth $31,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at D.R. Horton

In other 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 approximately $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DHI has been the topic of several recent analyst reports. Evercore upped their price target on 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. Citizens Jmp reissued a “market perform” rating on shares of D.R. Horton in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods reaffirmed a “reduce” rating on shares of D.R. Horton in a research report on Tuesday, January 27th. BTIG Research set a $182.00 target price on shares of D.R. Horton in a research note on Wednesday, January 21st. Finally, Barclays dropped their price target on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $159.93.

D.R. Horton Trading Up 1.0%

DHI opened at $140.45 on Friday. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $184.54. 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 business has a fifty day simple moving average of $154.91 and a 200-day simple moving average of $156.46. The firm has a market cap of $40.69 billion, a P/E ratio of 12.76, a P/E/G ratio of 2.17 and a beta of 1.43.

D.R. Horton (NYSE:DHI) last posted 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. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The firm had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the previous year, the business earned $2.61 EPS. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

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

D.R. Horton Company 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.