D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 7.2% in the 4th quarter, HoldingsChannel reports. The firm owned 55,962 shares of the construction company’s stock after selling 4,324 shares during the quarter. Amalgamated Bank’s holdings in D.R. Horton were worth $7,825,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Coastline Trust Co purchased a new position in D.R. Horton during the 3rd quarter worth approximately $26,000. Rakuten Securities Inc. increased its stake in shares of D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after acquiring an additional 117 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of D.R. Horton during the fourth quarter worth $30,000. FSA Wealth Management LLC purchased a new position in shares of D.R. Horton during the third quarter worth $47,000. Finally, Ashton Thomas Securities LLC acquired a new position in D.R. Horton during the third quarter valued at $50,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

DHI opened at $128.40 on Thursday. The firm’s fifty day simple moving average is $137.96 and its two-hundred day simple moving average is $163.42. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85. The company has a market cap of $40.46 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 0.54 and a beta of 1.76. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the company posted $2.82 EPS. D.R. Horton’s quarterly revenue was down 1.5% compared to the same quarter last year. Equities analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio is presently 11.31%.

Analysts Set New Price Targets

DHI has been the topic of several analyst reports. Royal Bank of Canada reaffirmed an “underperform” rating and set a $125.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. Barclays reduced their price target on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Wells Fargo & Company lowered their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Finally, UBS Group decreased their target price on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $170.93.

About D.R. Horton

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.