D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 16.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 517,961 shares of the construction company's stock after selling 103,324 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.16% of D.R. Horton worth $65,848,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nemes Rush Group LLC lifted its holdings in shares of D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after buying an additional 82 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of D.R. Horton in the 4th quarter valued at about $38,000. Itau Unibanco Holding S.A. acquired a new position in shares of D.R. Horton in the 4th quarter valued at about $43,000. Oarsman Capital Inc. lifted its holdings in shares of D.R. Horton by 146.7% in the 4th quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock valued at $46,000 after buying an additional 198 shares during the period. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of D.R. Horton in the 4th quarter valued at about $54,000. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Performance

DHI opened at $121.26 on Friday. The company has a current ratio of 7.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $37.25 billion, a PE ratio of 9.18, a PEG ratio of 3.79 and a beta of 1.37. The firm's 50-day moving average price is $122.42 and its 200 day moving average price is $131.43. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing the consensus estimate of $2.69 by ($0.11). The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. During the same quarter in the previous year, the firm earned $3.52 earnings per share. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 13.04 EPS 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. Shareholders of record on Friday, May 2nd were issued a $0.40 dividend. The ex-dividend date was Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.32%. D.R. Horton's payout ratio is 12.11%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DHI. Royal Bank Of Canada decreased their price objective on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a report on Monday, April 21st. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. BTIG Research cut their price objective on D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research 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. Barclays decreased their target price on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Finally, Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.

Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D.R. Horton, Inc. (NYSE:DHI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.