Wells Fargo & Company MN Has $133.95 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Wells Fargo & Company MN lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 25.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 957,993 shares of the construction company’s stock after selling 319,974 shares during the quarter. Wells Fargo & Company MN’s holdings in D.R. Horton were worth $133,947,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nemes Rush Group LLC grew its position 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 purchasing an additional 82 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of D.R. Horton in the fourth quarter valued at approximately $30,000. Rosenberg Matthew Hamilton increased its position in shares of 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 during the fourth quarter worth $38,000. Finally, Sierra Ocean LLC acquired a new position in D.R. Horton in the 4th quarter worth $43,000. 90.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DHI has been the topic of several research reports. Wedbush restated a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. Barclays cut their price objective on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Citigroup reduced their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and reduced their price target for the company from $160.00 to $150.00 in a research report on Monday, January 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Up 4.4 %

DHI opened at $127.67 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The stock has a fifty day moving average of $131.02 and a 200-day moving average of $152.44. D.R. Horton, Inc. has a fifty-two week low of $118.00 and a fifty-two week high of $199.85. The company has a market capitalization of $40.23 billion, a P/E ratio of 9.02, a P/E/G ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the firm posted $2.82 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.25%. D.R. Horton’s dividend payout ratio is presently 11.31%.

About D.R. Horton

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.