Aviva PLC Decreases Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Aviva PLC reduced its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 46.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 176,933 shares of the construction company's stock after selling 155,883 shares during the period. Aviva PLC owned 0.06% of D.R. Horton worth $24,739,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of D.R. Horton by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company's stock worth $1,009,077,000 after purchasing an additional 127,606 shares in the last quarter. Norges Bank purchased a new position in D.R. Horton in the 4th quarter valued at approximately $593,363,000. Franklin Resources Inc. raised its holdings in D.R. Horton by 71.5% during the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock valued at $499,774,000 after acquiring an additional 1,490,648 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of D.R. Horton by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company's stock worth $259,857,000 after acquiring an additional 47,678 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of D.R. Horton by 7.3% in the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock worth $339,174,000 after acquiring an additional 120,892 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

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D.R. Horton Price Performance

NYSE DHI traded up $0.09 during trading hours on Friday, reaching $117.96. 1,443,202 shares of the stock traded hands, compared to its average volume of 2,896,295. The company has a market cap of $37.17 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. The stock has a 50 day simple moving average of $128.08 and a two-hundred day simple moving average of $149.88.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate 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 firm's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.82 EPS. On average, 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 announced 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 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Friday, February 7th. D.R. Horton's dividend payout ratio (DPR) is presently 11.31%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DHI. Citigroup decreased their price objective 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. StockNews.com upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Saturday, January 25th. Bank of America lowered shares of D.R. Horton from a "buy" rating to a "neutral" rating and cut their price objective for the company from $160.00 to $150.00 in a research report on Monday, January 27th. UBS Group decreased their target price 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, Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $169.14.

D.R. Horton Company 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.