Miracle Mile Advisors LLC Sells 1,238 Shares of D.R. Horton, Inc. (NYSE:DHI)

Miracle Mile Advisors LLC trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 17.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,811 shares of the construction company’s stock after selling 1,238 shares during the quarter. Miracle Mile Advisors LLC’s holdings in D.R. Horton were worth $813,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. TCI Wealth Advisors Inc. lifted its position in D.R. Horton by 4.1% during the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after purchasing an additional 58 shares in the last quarter. Covestor Ltd raised its stake in shares of D.R. Horton by 6.6% in the third quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after buying an additional 66 shares during the period. Insigneo Advisory Services LLC lifted its position in shares of D.R. Horton by 1.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after buying an additional 67 shares in the last quarter. Azzad Asset Management Inc. ADV grew its stake in shares of D.R. Horton by 0.8% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company’s stock valued at $1,649,000 after acquiring an additional 72 shares during the period. Finally, Demars Financial Group LLC increased its holdings in D.R. Horton by 3.5% in the 3rd quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock worth $419,000 after acquiring an additional 74 shares in the last quarter. 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 dropped their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Evercore ISI lowered their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Bank of America increased their target price on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, Wells Fargo & Company lowered their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $176.53.

Insider Activity

In related news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.54% of the company’s stock.

D.R. Horton Stock Performance

D.R. Horton stock opened at $145.47 on Thursday. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a twelve month low of $133.02 and a twelve month high of $199.85. The company’s 50-day moving average price is $153.12 and its 200-day moving average price is $168.80. The company has a market cap of $46.67 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $4.45 earnings per share. On average, equities research analysts forecast that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.10%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s payout ratio is presently 11.14%.

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.