Choreo LLC Sells 2,283 Shares of D.R. Horton, Inc. (NYSE:DHI)

Choreo LLC lowered its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 11.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,188 shares of the construction company's stock after selling 2,283 shares during the period. Choreo LLC's holdings in D.R. Horton were worth $2,185,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in DHI. Olde Wealth Management LLC bought a new stake in D.R. Horton during the 1st quarter worth approximately $26,000. Nemes Rush Group LLC increased its position in shares of D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after acquiring an additional 82 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of D.R. Horton during the fourth quarter worth $43,000. Oarsman Capital Inc. boosted its stake in D.R. Horton by 146.7% in the 4th quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock worth $46,000 after purchasing an additional 198 shares during the period. Finally, Physician Wealth Advisors Inc. bought a new position in D.R. Horton during the 4th quarter worth about $54,000. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Performance

DHI stock traded up $0.76 during trading hours on Friday, hitting $145.46. 3,708,392 shares of the stock were exchanged, compared to its average volume of 4,832,295. The company has a 50-day simple moving average of $128.00 and a two-hundred day simple moving average of $129.15. The firm has a market capitalization of $43.36 billion, a P/E ratio of 11.66, a P/E/G ratio of 3.16 and a beta of 1.38. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The company has a current ratio of 7.06, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. During the same quarter in the previous year, the company earned $4.10 EPS. The business's revenue was down 7.4% on a year-over-year basis. On average, analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. D.R. Horton's payout ratio is 12.83%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. JMP Securities reduced their price objective on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a research report on Monday, April 21st. Barclays decreased their target price on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. lowered their price target on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Finally, Wedbush boosted their target price on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, D.R. Horton has an average rating of "Hold" and a consensus price target of $153.23.

Insider Activity

In related news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the sale, the director owned 2,193 shares in the company, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.54% of the company's stock.

D.R. Horton Company 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.