American Century Companies Inc. Sells 11,915 Shares of D.R. Horton, Inc. (NYSE:DHI)

American Century Companies Inc. decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,696 shares of the construction company's stock after selling 11,915 shares during the quarter. American Century Companies Inc.'s holdings in D.R. Horton were worth $13,660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in DHI. Mountaineer Partners Management LLC purchased a new stake in D.R. Horton during the 3rd quarter valued at $1,853,178,000. Geode Capital Management LLC boosted its position in shares of D.R. Horton by 0.3% during the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company's stock valued at $1,351,435,000 after buying an additional 21,073 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in D.R. Horton by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company's stock worth $259,857,000 after buying an additional 47,678 shares in the last quarter. Principal Financial Group Inc. raised its position 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 buying an additional 120,892 shares during the last quarter. Finally, Amundi lifted its stake in D.R. Horton by 69.1% during the 4th quarter. Amundi now owns 1,358,213 shares of the construction company's stock valued at $190,014,000 after acquiring an additional 555,122 shares during the period. Institutional investors own 90.63% of the company's stock.

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D.R. Horton Price Performance

DHI stock traded up $5.36 during midday trading on Friday, hitting $127.67. The company's stock had a trading volume of 9,117,434 shares, compared to its average volume of 2,856,232. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 12 month low of $118.00 and a 12 month high of $199.85. The company has a 50 day moving average of $131.02 and a two-hundred day moving average of $152.44. The firm has a market capitalization of $40.23 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

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

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Friday, February 7th. D.R. Horton's payout ratio is 11.31%.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price target on shares of D.R. Horton from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Royal Bank of Canada reiterated an "underperform" rating and set a $125.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. JMP Securities reissued a "market outperform" rating and set a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Barclays reduced their price objective on D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. cut D.R. Horton from a "neutral" rating to an "underweight" rating and dropped their target price for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $170.93.

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.