Bridgewater Associates LP Decreases Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Bridgewater Associates LP reduced its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 97.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,781 shares of the construction company's stock after selling 154,565 shares during the period. Bridgewater Associates LP's holdings in D.R. Horton were worth $668,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rench Wealth Management Inc. lifted its position in D.R. Horton by 92.0% in the 4th quarter. Rench Wealth Management Inc. now owns 10,524 shares of the construction company's stock valued at $1,471,000 after acquiring an additional 5,042 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of D.R. Horton during the fourth quarter valued at $11,926,000. Canada Post Corp Registered Pension Plan purchased a new stake in shares of D.R. Horton during the fourth quarter valued at $669,000. LaSalle St. Investment Advisors LLC bought a new stake in D.R. Horton in the 4th quarter worth about $240,000. Finally, CreativeOne Wealth LLC increased its holdings in D.R. Horton by 18.6% in the 4th quarter. CreativeOne Wealth LLC now owns 4,621 shares of the construction company's stock worth $646,000 after buying an additional 725 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on DHI. UBS Group reduced their price target on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their target price on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. StockNews.com cut D.R. Horton from a "hold" rating to a "sell" rating in a research report on Tuesday. The Goldman Sachs Group cut their price target on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, Wedbush reissued a "neutral" rating and issued a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, D.R. Horton presently has a consensus rating of "Hold" and an average price target of $151.15.

D.R. Horton Price Performance

NYSE:DHI traded up $1.27 on Thursday, reaching $126.06. 2,107,216 shares of the company's stock traded hands, compared to its average volume of 2,937,770. The firm has a market cap of $39.72 billion, a PE ratio of 8.91, a P/E/G ratio of 0.54 and a beta of 1.61. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The stock has a 50-day simple moving average of $126.07 and a 200-day simple moving average of $145.93. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.73 billion during the quarter, compared to analysts' expectations of $8.07 billion. During the same period in the prior year, the firm posted $3.52 earnings per share. Equities research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.27%. The ex-dividend date is Friday, May 2nd. D.R. Horton's payout ratio is currently 12.11%.

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.