Asset Management One Co. Ltd. Reduces Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Asset Management One Co. Ltd. reduced its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 113,918 shares of the construction company's stock after selling 3,398 shares during the period. Asset Management One Co. Ltd.'s holdings in D.R. Horton were worth $15,980,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Equity Partners raised its position in D.R. Horton by 435.6% in the 4th quarter. Golden State Equity Partners now owns 3,899 shares of the construction company's stock valued at $545,000 after buying an additional 3,171 shares during the last quarter. KBC Group NV raised its holdings in shares of D.R. Horton by 360.0% in the third quarter. KBC Group NV now owns 271,038 shares of the construction company's stock valued at $51,706,000 after purchasing an additional 212,112 shares during the last quarter. Legacy CG LLC bought a new position in shares of D.R. Horton during the third quarter valued at about $4,220,000. Toronto Dominion Bank grew its position in D.R. Horton by 17.3% in the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company's stock worth $20,025,000 after purchasing an additional 15,460 shares in the last quarter. Finally, Pensionfund Sabic increased its stake in D.R. Horton by 70.2% in the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company's stock valued at $1,356,000 after buying an additional 4,000 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

Shares of DHI stock traded down $3.07 during trading on Wednesday, hitting $126.74. The company had a trading volume of 3,878,728 shares, compared to its average volume of 3,633,991. The stock's 50-day moving average is $140.41 and its two-hundred day moving average is $165.23. The stock has a market capitalization of $39.94 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 0.55 and a beta of 1.76. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85. 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 announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion during 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 business's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.82 EPS. As a group, analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

Insider Activity

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the business's 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of research analyst reports. Bank of America downgraded D.R. Horton from a "buy" rating to a "neutral" rating and cut their target price for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. JMP Securities restated a "market outperform" rating and issued a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Citigroup lowered their target price 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. Royal Bank of Canada restated an "underperform" rating and set a $125.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company lowered their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target 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.