Fluent Financial LLC Has $1.22 Million Position in D.R. Horton, Inc. $DHI

Fluent Financial LLC lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 75.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,203 shares of the construction company’s stock after selling 22,396 shares during the quarter. Fluent Financial LLC’s holdings in D.R. Horton were worth $1,221,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC bought a new stake in shares of D.R. Horton in the second quarter valued at about $29,000. Bayforest Capital Ltd raised its holdings in D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after acquiring an additional 194 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of D.R. Horton by 1,678.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock worth $44,000 after acquiring an additional 319 shares during the period. Ransom Advisory Ltd acquired a new stake in shares of D.R. Horton during the 1st quarter worth approximately $51,000. Finally, Adirondack Trust Co. increased its position in shares of D.R. Horton by 53.2% during the second quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock valued at $52,000 after purchasing an additional 141 shares during the period. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 2.8%

Shares of DHI stock opened at $147.12 on Friday. The company has a market capitalization of $42.83 billion, a P/E ratio of 12.69, a P/E/G ratio of 1.75 and a beta of 1.38. 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 1.18, a current ratio of 6.48 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $151.31 and a 200 day moving average price of $151.18.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, October 28th. The construction company reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.29 by ($0.25). D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.The firm had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.44 billion. During the same period in the previous year, the business posted $3.92 EPS. The business’s quarterly revenue was down 3.2% on a year-over-year basis. Research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, November 13th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is currently 15.53%.

Analyst Upgrades and Downgrades

DHI has been the topic of several analyst reports. Royal Bank Of Canada boosted their price target on shares of D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a report on Wednesday, October 29th. Keefe, Bruyette & Woods decreased their target price on shares of D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 29th. Wells Fargo & Company dropped their price target on shares of D.R. Horton from $190.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. Bank of America cut their price target on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Finally, Evercore ISI set a $169.00 price objective on D.R. Horton and gave the company an “in-line” rating in a research note on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $161.08.

About D.R. Horton

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.