D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by APG Asset Management N.V.

APG Asset Management N.V. grew its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 782.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 189,643 shares of the construction company's stock after acquiring an additional 168,143 shares during the period. APG Asset Management N.V. owned about 0.06% of D.R. Horton worth $25,607,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Nemes Rush Group LLC lifted its holdings in shares of D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after buying an additional 82 shares during the period. Golden State Wealth Management LLC acquired a new stake in D.R. Horton in the fourth quarter valued at $30,000. Rosenberg Matthew Hamilton boosted its position in shares of D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after purchasing an additional 165 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of D.R. Horton during the 4th quarter worth $38,000. Finally, Sierra Ocean LLC purchased a new position in shares of D.R. Horton in the 4th quarter valued at about $43,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DHI has been the topic of several recent analyst reports. The Goldman Sachs Group lowered their target price on shares of D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Wells Fargo & Company reduced their price objective on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a report on Monday. Bank of America lowered D.R. Horton from a "buy" rating to a "neutral" rating and lowered their target price for the company from $160.00 to $150.00 in a report on Monday, January 27th. Barclays cut their price target on D.R. Horton from $145.00 to $120.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $168.07.

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D.R. Horton Trading Down 0.6 %

Shares of NYSE:DHI traded down $0.78 during midday trading on Tuesday, reaching $120.24. The company's stock had a trading volume of 1,105,684 shares, compared to its average volume of 2,900,882. The business has a 50 day moving average price of $127.32 and a 200 day moving average price of $148.65. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. The firm has a market cap of $37.89 billion, a price-to-earnings ratio of 8.50, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. 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 (NYSE:DHI - Get Free Report) last released its earnings results 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 net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.61 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same period last year, the company earned $2.82 earnings per share. The company's quarterly revenue was down 1.5% on a year-over-year basis. Research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's dividend payout ratio is currently 11.31%.

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.