Kingsview Wealth Management LLC Lowers Holdings in D.R. Horton, Inc. $DHI

Kingsview Wealth Management LLC reduced its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 91.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,001 shares of the construction company’s stock after selling 66,218 shares during the quarter. Kingsview Wealth Management LLC’s holdings in D.R. Horton were worth $1,017,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Elo Mutual Pension Insurance Co grew its position in D.R. Horton by 55.0% during the third quarter. Elo Mutual Pension Insurance Co now owns 36,733 shares of the construction company’s stock valued at $6,225,000 after buying an additional 13,035 shares during the period. WASHINGTON TRUST Co purchased a new position in shares of D.R. Horton in the 3rd quarter valued at about $229,000. Journey Strategic Wealth LLC boosted its position in D.R. Horton by 10.1% during the third quarter. Journey Strategic Wealth LLC now owns 2,281 shares of the construction company’s stock worth $387,000 after purchasing an additional 209 shares in the last quarter. Finemark National Bank & Trust purchased a new stake in shares of D.R. Horton in the third quarter valued at approximately $225,000. Finally, Arete Wealth Advisors LLC purchased a new position in shares of D.R. Horton during the 3rd quarter valued at approximately $946,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on DHI shares. UBS Group set a $163.00 price objective on shares of D.R. Horton in a research report on Tuesday, January 27th. Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Citizens Jmp restated a “market perform” rating on shares of D.R. Horton in a research report on Wednesday, January 7th. Bank of America set a $158.00 price objective on D.R. Horton in a report on Wednesday, January 21st. Finally, BTIG Research set a $182.00 price objective on D.R. Horton in a research note on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $159.93.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $147.45 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. The business’s 50 day moving average price is $155.11 and its 200 day moving average price is $157.36. The company has a market cap of $42.72 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 2.32 and a beta of 1.43. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $184.54.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The business had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same period last year, the company earned $2.61 EPS. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s payout ratio is 16.35%.

Insider Buying and Selling

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the transaction, the senior vice president directly owned 6,457 shares in the company, valued at $1,081,870.35. The trade was a 3.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.66% of the stock is owned by company insiders.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.