Integrated Wealth Concepts LLC Sells 3,344 Shares of D.R. Horton, Inc. (NYSE:DHI)

Integrated Wealth Concepts LLC lowered its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 49.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,426 shares of the construction company's stock after selling 3,344 shares during the quarter. Integrated Wealth Concepts LLC's holdings in D.R. Horton were worth $479,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nemes Rush Group LLC raised 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 worth $27,000 after buying an additional 82 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in D.R. Horton during the fourth quarter worth $30,000. Rosenberg Matthew Hamilton raised its stake in D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after acquiring an additional 165 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of D.R. Horton in the 4th quarter valued at $38,000. Finally, Sierra Ocean LLC bought a new stake in shares of D.R. Horton in the 4th quarter worth about $43,000. Institutional investors and hedge funds own 90.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DHI. Wedbush restated a "neutral" rating and issued a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. Barclays lowered their target price on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. StockNews.com downgraded shares of D.R. Horton from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st. The Goldman Sachs Group dropped their target price on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, JMP Securities decreased 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 note on Monday, April 21st. Three analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, D.R. Horton presently has an average rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Stock Up 1.0 %

Shares of NYSE:DHI traded up $1.21 during mid-day trading on Wednesday, reaching $123.09. 1,927,186 shares of the stock were exchanged, compared to its average volume of 2,953,751. The company has a market cap of $37.81 billion, a P/E ratio of 8.69, a P/E/G ratio of 0.54 and a beta of 1.45. The stock's 50 day simple moving average is $125.51 and its 200-day simple moving average is $141.74. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same quarter in the previous year, the business earned $3.52 EPS. As a group, equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. D.R. Horton's payout ratio is 12.11%.

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.