Applied Finance Capital Management LLC Lowers Stake in D.R. Horton, Inc. (NYSE:DHI)

Applied Finance Capital Management LLC lessened its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 20.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 208,048 shares of the construction company's stock after selling 53,609 shares during the quarter. Applied Finance Capital Management LLC owned 0.07% of D.R. Horton worth $29,089,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in shares of D.R. Horton by 676.4% in the 4th quarter. Renaissance Technologies LLC now owns 756,538 shares of the construction company's stock valued at $105,779,000 after purchasing an additional 659,100 shares in the last quarter. Bank of Nova Scotia increased its holdings in D.R. Horton by 292.3% in the fourth quarter. Bank of Nova Scotia now owns 147,882 shares of the construction company's stock valued at $20,677,000 after buying an additional 110,189 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. lifted its position in shares of D.R. Horton by 3.7% during the 4th quarter. Sumitomo Mitsui Financial Group Inc. now owns 114,106 shares of the construction company's stock valued at $15,954,000 after acquiring an additional 4,057 shares during the period. Peapack Gladstone Financial Corp boosted its stake in shares of D.R. Horton by 20.5% during the 4th quarter. Peapack Gladstone Financial Corp now owns 28,426 shares of the construction company's stock worth $3,975,000 after acquiring an additional 4,840 shares in the last quarter. Finally, Himension Capital Singapore PTE. LTD. acquired a new stake in shares of D.R. Horton in the 4th quarter worth approximately $7,487,000. Institutional investors and hedge funds own 90.63% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. Seaport Res Ptn upgraded shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. StockNews.com upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Saturday, January 25th. UBS Group reduced their price target on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Finally, Wedbush reissued a "neutral" rating and set a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, D.R. Horton has an average rating of "Hold" and an average target price of $169.14.

D.R. Horton Trading Up 1.6 %

Shares of D.R. Horton stock traded up $1.87 during trading hours on Friday, reaching $119.74. 3,642,476 shares of the company's stock were exchanged, compared to its average volume of 2,904,888. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The company has a fifty day moving average of $127.68 and a 200-day moving average of $149.14. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $37.73 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

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 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 for the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the business posted $2.82 earnings per share. The firm's revenue for the quarter was down 1.5% compared to the same quarter last year. Sell-side analysts forecast 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 1.34%. The ex-dividend date was Friday, February 7th. D.R. Horton's dividend payout ratio (DPR) is 11.31%.

D.R. Horton 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.