Envestnet Portfolio Solutions Inc. Sells 10,768 Shares of D.R. Horton, Inc. (NYSE:DHI)

Envestnet Portfolio Solutions Inc. cut its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 54.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,052 shares of the construction company's stock after selling 10,768 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in D.R. Horton were worth $1,151,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Nemes Rush Group LLC increased its holdings in D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after buying an additional 82 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of D.R. Horton in the fourth quarter worth approximately $38,000. Itau Unibanco Holding S.A. purchased a new position in shares of D.R. Horton during the fourth quarter valued at approximately $43,000. Oarsman Capital Inc. lifted its position in D.R. Horton by 146.7% during the fourth quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock valued at $46,000 after purchasing an additional 198 shares during the period. Finally, Physician Wealth Advisors Inc. purchased a new stake in D.R. Horton in the fourth quarter worth approximately $54,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Trading Down 1.8%

NYSE:DHI traded down $2.29 during midday trading on Wednesday, hitting $127.34. 2,539,456 shares of the company traded hands, compared to its average volume of 3,082,386. The firm has a market capitalization of $39.12 billion, a P/E ratio of 9.64, a P/E/G ratio of 4.02 and a beta of 1.37. The firm's fifty day moving average is $122.86 and its 200-day moving average is $130.51. 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 7.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26.

D.R. Horton (NYSE:DHI - Get Free Report) last announced 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). D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. The firm had revenue of $7.73 billion during the quarter, compared to analysts' expectations of $8.07 billion. During the same period in the prior year, the company posted $3.52 EPS. On average, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. D.R. Horton's dividend payout ratio is 12.11%.

Insider Transactions at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the transaction, the director now owns 2,193 shares in the company, valued at $280,046.10. The trade was a 49.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wells Fargo & Company reduced their price objective on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Royal Bank Of Canada reduced their price target on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a research report on Monday, April 21st. BTIG Research reduced their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research note 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. The Goldman Sachs Group lowered their target price on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.