New England Research & Management Inc. Has $634,000 Stock Position in D.R. Horton, Inc. $DHI

New England Research & Management Inc. lowered its position in D.R. Horton, Inc. (NYSE:DHI) by 48.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,400 shares of the construction company’s stock after selling 4,175 shares during the quarter. New England Research & Management Inc.’s holdings in D.R. Horton were worth $634,000 at the end of the most recent quarter.

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

D.R. Horton Stock Down 3.7%

Shares of D.R. Horton stock opened at $132.91 on Friday. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month 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 stock has a 50 day moving average price of $154.10 and a two-hundred day moving average price of $155.39. The stock has a market capitalization of $38.51 billion, a P/E ratio of 12.07, a PEG ratio of 2.06 and a beta of 1.43.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter last year, the firm posted $2.61 earnings per share. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. 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 company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.4%. The ex-dividend date was Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is 16.35%.

Wall Street Analysts Forecast Growth

DHI has been the subject of several recent research reports. Zacks Research downgraded shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Evercore raised 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 report on Wednesday, January 21st. UBS Group reiterated a “buy” rating on shares of D.R. Horton in a report on Thursday, March 12th. BTIG Research set a $182.00 target price on shares of D.R. Horton in a research report on Wednesday, January 21st. Finally, Citigroup cut their target price on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $159.93.

Insider Buying and Selling

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the transaction, the senior vice president owned 6,457 shares of the company’s stock, valued at $1,081,870.35. The trade was a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.66% of the stock is owned by company insiders.

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.