Thrivent Financial for Lutherans Sells 8,584 Shares of D.R. Horton, Inc. $DHI

Thrivent Financial for Lutherans lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 556,112 shares of the construction company’s stock after selling 8,584 shares during the period. Thrivent Financial for Lutherans’ holdings in D.R. Horton were worth $80,106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in DHI. Integrated Wealth Concepts LLC boosted its holdings in shares of D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after purchasing an additional 803 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of D.R. Horton by 295.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after purchasing an additional 455 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of D.R. Horton during the 2nd quarter valued at about $302,000. Brown Advisory Inc. boosted its holdings in shares of D.R. Horton by 3.4% during the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after purchasing an additional 208 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of D.R. Horton by 8.9% during the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after purchasing an additional 2,859 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 2.7%

DHI opened at $135.54 on Friday. The firm has a market cap of $38.44 billion, a P/E ratio of 12.70, a P/E/G ratio of 1.95 and a beta of 1.41. D.R. Horton, Inc. has a 12 month low of $114.17 and a 12 month high of $184.54. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $144.55 and a 200 day moving average of $149.81.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion during the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The firm’s revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $2.58 earnings per share. As a group, research analysts forecast that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were given a $0.45 dividend. The ex-dividend date was Thursday, May 7th. This represents a $1.80 annualized dividend and a yield of 1.3%. D.R. Horton’s dividend payout ratio (DPR) is currently 16.87%.

Wall Street Analyst Weigh In

DHI has been the subject of several research reports. Weiss Ratings raised shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a report on Tuesday, January 27th. Wells Fargo & Company increased their price objective on shares of D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. BTIG Research set a $182.00 price target on D.R. Horton in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada lifted their price target on D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $168.54.

D.R. Horton Company Profile

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.