Philadelphia Trust Co. Trims Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Philadelphia Trust Co. lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 35,617 shares of the construction company’s stock after selling 2,624 shares during the period. Philadelphia Trust Co.’s holdings in D.R. Horton were worth $4,528,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DHI. Bank Pictet & Cie Europe AG grew its stake in shares of D.R. Horton by 1.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company’s stock worth $44,626,000 after acquiring an additional 5,052 shares in the last quarter. Townsquare Capital LLC boosted its stake in shares of D.R. Horton by 8.5% during the fourth quarter. Townsquare Capital LLC now owns 8,350 shares of the construction company’s stock worth $1,167,000 after buying an additional 652 shares during the period. CreativeOne Wealth LLC raised its holdings in D.R. Horton by 18.6% during the fourth quarter. CreativeOne Wealth LLC now owns 4,621 shares of the construction company’s stock worth $646,000 after purchasing an additional 725 shares in the last quarter. Gabelli Funds LLC increased its holdings in D.R. Horton by 64.3% in the fourth quarter. Gabelli Funds LLC now owns 11,500 shares of the construction company’s stock valued at $1,608,000 after buying an additional 4,500 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $381,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Activity

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the sale, the director owned 2,193 shares of the company’s stock, valued at approximately $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

DHI has been the topic of a number of research analyst reports. Barclays decreased their price target on shares of D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating on the stock in a report on Monday, April 21st. Keefe, Bruyette & Woods lifted their price target on shares of D.R. Horton from $135.00 to $161.00 and gave the company a “market perform” rating in a report on Thursday, July 24th. Royal Bank Of Canada lifted their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the company an “underperform” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their price target on shares of D.R. Horton from $132.00 to $111.00 and set an “underweight” rating for the company in a report on Monday, April 21st. Finally, JMP Securities decreased their price target on shares of D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating for the company in a report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $153.23.

D.R. Horton Price Performance

NYSE DHI opened at $165.92 on Friday. The company’s 50 day simple moving average is $138.23 and its 200 day simple moving average is $130.30. The firm has a market capitalization of $49.46 billion, a PE ratio of 13.31, a P/E/G ratio of 3.48 and a beta of 1.34. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.46. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The firm had revenue of $9.23 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the previous year, the business earned $4.10 EPS. The business’s revenue was down 7.4% on a year-over-year basis. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, August 7th. D.R. Horton’s dividend payout ratio is presently 12.83%.

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.