D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 82.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 263,515 shares of the construction company's stock after acquiring an additional 119,392 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.08% of D.R. Horton worth $36,306,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Mountaineer Partners Management LLC bought a new position in shares of D.R. Horton during the 3rd quarter valued at approximately $1,853,178,000. FMR LLC boosted its stake in D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares during the period. Geode Capital Management LLC boosted its stake in D.R. Horton by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company's stock worth $1,351,435,000 after purchasing an additional 21,073 shares during the period. Smead Capital Management Inc. boosted its stake in D.R. Horton by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company's stock worth $480,106,000 after purchasing an additional 84,835 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in D.R. Horton by 7.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock worth $339,174,000 after purchasing an additional 120,892 shares during the period. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Down 1.5 %

NYSE DHI traded down $1.90 during trading on Tuesday, hitting $128.67. The company's stock had a trading volume of 922,885 shares, compared to its average volume of 3,580,173. D.R. Horton, Inc. has a fifty-two week low of $125.84 and a fifty-two week high of $199.85. The company has a market cap of $40.55 billion, a PE ratio of 9.09, a P/E/G ratio of 0.58 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The business's 50 day simple moving average is $140.95 and its 200-day simple moving average is $165.57.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same period last year, the business posted $2.82 earnings per share. The company's revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's dividend payout ratio is currently 11.31%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. downgraded D.R. Horton from a "neutral" rating to an "underweight" rating and lowered their target price for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Wells Fargo & Company decreased 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. The Goldman Sachs Group reduced their target price on D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. JMP Securities restated a "market outperform" rating and set a $210.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, Citigroup cut their price target on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, D.R. Horton has an average rating of "Hold" and a consensus price target of $170.93.

Insider Activity at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.54% of the stock is owned by company insiders.

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.