Sigma Planning Corp Cuts Holdings in D.R. Horton, Inc. (NYSE:DHI)

Sigma Planning Corp lowered its holdings in D.R. Horton, Inc. (NYSE:DHI) by 13.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,891 shares of the construction company’s stock after selling 300 shares during the quarter. Sigma Planning Corp’s holdings in D.R. Horton were worth $361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of DHI. TCI Wealth Advisors Inc. boosted its holdings in shares of D.R. Horton by 4.1% in the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after buying an additional 58 shares during the last quarter. Premier Path Wealth Partners LLC boosted its stake in shares of D.R. Horton by 1.0% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock worth $872,000 after acquiring an additional 59 shares during the last quarter. Coldstream Capital Management Inc. grew its position in shares of D.R. Horton by 1.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock valued at $739,000 after acquiring an additional 60 shares during the period. Whittier Trust Co. increased its stake in shares of D.R. Horton by 1.7% in the 2nd quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock worth $520,000 after purchasing an additional 63 shares in the last quarter. Finally, Values First Advisors Inc. lifted its position in D.R. Horton by 0.7% during the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock valued at $1,251,000 after purchasing an additional 66 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on DHI. Royal Bank of Canada decreased their price objective on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 30th. Barclays decreased their target price on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Citigroup dropped their price target on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price objective on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Finally, Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus price target of $185.87.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $161.61 on Friday. The firm has a market cap of $52.66 billion, a PE ratio of 11.25, a PEG ratio of 0.56 and a beta of 1.74. The stock has a 50 day moving average of $182.89 and a 200 day moving average of $166.66. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12 month low of $125.28 and a 12 month high of $199.85.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the company posted $4.45 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. On average, research analysts expect that D.R. Horton, Inc. will post 14.92 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, November 12th. D.R. Horton’s dividend payout ratio is currently 11.14%.

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.