Kingsview Wealth Management LLC Sells 66,218 Shares of D.R. Horton, Inc. $DHI

Kingsview Wealth Management LLC reduced its stake in D.R. Horton, Inc. (NYSE:DHI) by 91.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,001 shares of the construction company’s stock after selling 66,218 shares during the period. 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 and hedge funds have also recently modified their holdings of the stock. Concord Wealth Partners bought a new position in D.R. Horton in the third quarter worth approximately $25,000. Canton Hathaway LLC bought a new position in shares of D.R. Horton during the 3rd quarter worth $26,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of D.R. Horton during the third quarter valued at $27,000. Twin Peaks Wealth Advisors LLC purchased a new stake in D.R. Horton in the second quarter worth about $29,000. Finally, Westfuller Advisors LLC bought a new position in D.R. Horton during the 3rd quarter worth about $34,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 1.6%

Shares of D.R. Horton stock opened at $147.45 on Friday. The firm’s 50 day simple moving average is $155.11 and its two-hundred day simple moving average is $157.36. The firm has a market capitalization 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 12-month low of $110.44 and a 12-month high of $184.54. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The firm had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period in the previous year, the company earned $2.61 earnings per share. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. Analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were issued 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 dividend yield of 1.2%. D.R. Horton’s payout ratio is 16.35%.

Insider Buying and Selling

In related news, SVP Aron M. Odom sold 260 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the sale, the senior vice president owned 6,457 shares in the company, valued at $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. BTIG Research set a $182.00 price target on shares of D.R. Horton in a research report on Wednesday, January 21st. Citizens Jmp restated a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. Keefe, Bruyette & Woods reiterated a “reduce” rating on shares of D.R. Horton in a report on Tuesday, January 27th. Citigroup dropped their price objective on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Finally, Evercore boosted their target price on shares of D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average price target of $159.93.

D.R. Horton 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.