Boston Common Asset Management LLC Cuts Position in D.R. Horton, Inc. (NYSE:DHI)

Boston Common Asset Management LLC lessened its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 42.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,612 shares of the construction company's stock after selling 20,711 shares during the quarter. Boston Common Asset Management LLC's holdings in D.R. Horton were worth $4,001,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DHI. Mountaineer Partners Management LLC purchased a new stake in shares of D.R. Horton during the 3rd quarter valued at approximately $1,853,178,000. FMR LLC increased its stake in D.R. Horton by 44.7% during the third quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock worth $1,508,252,000 after acquiring an additional 2,442,581 shares during the last quarter. Geode Capital Management LLC raised its position in D.R. Horton by 0.3% in the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company's stock valued at $1,351,435,000 after purchasing an additional 21,073 shares during the period. Smead Capital Management Inc. lifted its stake in shares of D.R. Horton by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company's stock valued at $480,106,000 after purchasing an additional 84,835 shares during the last quarter. Finally, Earnest Partners LLC grew its holdings in shares of D.R. Horton by 0.4% during the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company's stock worth $290,901,000 after purchasing an additional 9,137 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

Insider Buying and Selling at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by company insiders.

D.R. Horton Stock Up 0.8 %

NYSE:DHI traded up $1.23 during midday trading on Friday, hitting $147.83. 3,860,157 shares of the company were exchanged, compared to its average volume of 2,746,466. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a fifty-two week low of $133.02 and a fifty-two week high of $199.85. The company has a market capitalization of $47.43 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.51 and a beta of 1.75. The company has a fifty day simple moving average of $151.85 and a 200 day simple moving average of $168.79.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). The firm had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.45 earnings per share. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.40 per share. This is an increase from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton's dividend payout ratio (DPR) is presently 11.14%.

Analysts Set New Price Targets

A number of research analysts have commented on DHI shares. Wedbush reaffirmed a "neutral" rating and issued a $180.00 target price on shares of D.R. Horton in a research report on Friday. The Goldman Sachs Group lowered their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a "buy" rating for the company in a research report on Tuesday. BTIG Research cut their target price on D.R. Horton from $190.00 to $186.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Barclays dropped their target price on D.R. Horton from $170.00 to $150.00 and set an "equal weight" rating for the company in a research report on Thursday. Finally, UBS Group reduced their price objective on D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $176.20.

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.