Parallel Advisors LLC Cuts Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Parallel Advisors LLC reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,294 shares of the construction company’s stock after selling 124 shares during the period. Parallel Advisors LLC’s holdings in D.R. Horton were worth $292,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of DHI. CENTRAL TRUST Co boosted its holdings in shares of D.R. Horton by 46.5% during the 4th quarter. CENTRAL TRUST Co now owns 2,219 shares of the construction company’s stock worth $310,000 after purchasing an additional 704 shares during the last quarter. Childress Capital Advisors LLC boosted its holdings in shares of D.R. Horton by 9.6% during the 4th quarter. Childress Capital Advisors LLC now owns 1,650 shares of the construction company’s stock worth $231,000 after purchasing an additional 144 shares during the last quarter. Trust Point Inc. boosted its holdings in shares of D.R. Horton by 18.5% during the 4th quarter. Trust Point Inc. now owns 1,438 shares of the construction company’s stock worth $201,000 after purchasing an additional 224 shares during the last quarter. Guidance Capital Inc. boosted its holdings in shares of D.R. Horton by 21.0% during the 4th quarter. Guidance Capital Inc. now owns 12,377 shares of the construction company’s stock worth $1,769,000 after purchasing an additional 2,146 shares during the last quarter. Finally, Weaver Capital Management LLC boosted its holdings in shares of D.R. Horton by 3.1% during the 4th quarter. Weaver Capital Management LLC now owns 4,994 shares of the construction company’s stock worth $698,000 after purchasing an additional 152 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Up 4.5%

D.R. Horton stock opened at $123.64 on Thursday. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The stock’s fifty day simple moving average is $122.23 and its 200-day simple moving average is $134.71. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $37.98 billion, a P/E ratio of 8.74, a P/E/G ratio of 0.54 and a beta of 1.45.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). The business had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same period last year, the company earned $3.52 EPS. As a group, equities analysts expect 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 announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Friday, May 2nd. D.R. Horton’s dividend payout ratio (DPR) is currently 12.11%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their target price on D.R. Horton from $165.00 to $135.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen upgraded D.R. Horton from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. The Goldman Sachs Group decreased their price objective on D.R. Horton from $173.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. JMP Securities decreased their price objective on D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating on the stock in a report on Monday, April 21st. Finally, BTIG Research decreased their price objective on D.R. Horton from $171.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average target price of $151.15.

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.