Applied Finance Capital Management LLC Sells 28,916 Shares of D.R. Horton, Inc. $DHI

Applied Finance Capital Management LLC lowered its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 17.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 136,040 shares of the construction company’s stock after selling 28,916 shares during the quarter. D.R. Horton comprises 1.4% of Applied Finance Capital Management LLC’s portfolio, making the stock its 28th biggest holding. Applied Finance Capital Management LLC’s holdings in D.R. Horton were worth $19,594,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Integrated Wealth Concepts LLC lifted its holdings in shares of D.R. Horton by 23.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after buying an additional 803 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of D.R. Horton by 295.5% in the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after purchasing an additional 455 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of D.R. Horton in the second quarter valued at about $302,000. Brown Advisory Inc. increased its holdings in shares of D.R. Horton by 3.4% in the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after purchasing an additional 208 shares during the period. Finally, Cerity Partners LLC boosted its stake in shares of D.R. Horton by 8.9% in the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after buying an additional 2,859 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DHI. The Goldman Sachs Group increased their price target on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. BTIG Research set a $182.00 target price on D.R. Horton in a research report on Wednesday, January 21st. UBS Group lifted their price objective on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Finally, Argus boosted their target price on D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $168.54.

D.R. Horton Trading Down 2.7%

Shares of D.R. Horton stock opened at $135.54 on Friday. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. The firm has a market cap of $38.44 billion, a PE ratio of 12.70, a P/E/G ratio of 1.95 and a beta of 1.41. The business’s fifty day moving average is $144.55 and its two-hundred day moving average is $149.81. D.R. Horton, Inc. has a fifty-two week low of $114.17 and a fifty-two week high of $184.54.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.09. The business had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the company posted $2.58 EPS. Analysts anticipate that D.R. Horton, Inc. will post 10.57 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio is currently 16.87%.

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.