Arrowstreet Capital Limited Partnership Has $288.07 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Arrowstreet Capital Limited Partnership decreased its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 28.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,060,258 shares of the construction company's stock after selling 837,327 shares during the period. Arrowstreet Capital Limited Partnership owned 0.65% of D.R. Horton worth $288,065,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of DHI. Mountaineer Partners Management LLC bought a new position in shares of D.R. Horton during the third quarter worth approximately $1,853,178,000. Geode Capital Management LLC raised 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 in the last quarter. Norges Bank bought a new stake in D.R. Horton in the 4th quarter valued at about $593,363,000. Charles Schwab Investment Management Inc. grew its position in shares of D.R. Horton by 2.6% during 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 purchasing an additional 47,678 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of D.R. Horton by 7.3% during the third 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. Institutional investors and hedge funds own 90.63% of the company's stock.

Remove Ads

D.R. Horton Trading Up 0.1 %

NYSE:DHI traded up $0.13 during trading hours on Tuesday, hitting $127.26. 2,112,403 shares of the company were exchanged, compared to its average volume of 2,805,959. The stock has a market capitalization of $40.10 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The company has a fifty day simple moving average of $132.49 and a 200 day simple moving average of $154.36. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85.

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

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Friday, February 7th. D.R. Horton's dividend payout ratio (DPR) is 11.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DHI shares. JMP Securities restated a "market outperform" rating and set a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Royal Bank of Canada reissued an "underperform" rating and issued a $125.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Wells Fargo & Company cut 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 report on Tuesday, December 17th. Barclays decreased their price objective on shares of D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 22nd. Finally, StockNews.com upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research note on Saturday, January 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $170.93.

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.