Callahan Advisors LLC Sells 2,229 Shares of D.R. Horton, Inc. (NYSE:DHI)

Callahan Advisors LLC cut its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 6.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,768 shares of the construction company's stock after selling 2,229 shares during the quarter. Callahan Advisors LLC's holdings in D.R. Horton were worth $4,582,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DHI. Mountaineer Partners Management LLC acquired a new position in D.R. Horton during the 3rd quarter worth approximately $1,853,178,000. FMR LLC increased its position in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in D.R. Horton during the 3rd quarter worth approximately $72,672,000. Nordea Investment Management AB increased its position in D.R. Horton by 112.7% during the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company's stock worth $57,255,000 after purchasing an additional 215,947 shares in the last quarter. Finally, KBC Group NV increased its position in D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company's stock worth $51,706,000 after purchasing an additional 212,112 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DHI shares. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. StockNews.com raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Saturday, January 25th. Wedbush reissued a "neutral" rating and set a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. Raymond James lowered shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a report on Thursday, November 7th. Finally, Citigroup reduced their target price on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $170.93.

D.R. Horton Stock Down 2.1 %

NYSE:DHI traded down $2.76 during trading hours on Friday, reaching $125.92. The company had a trading volume of 2,777,046 shares, compared to its average volume of 3,598,174. 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 firm has a market cap of $39.68 billion, a price-to-earnings ratio of 8.90, a P/E/G ratio of 0.54 and a beta of 1.76. The business's 50-day simple moving average is $139.42 and its two-hundred day simple moving average is $164.71. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. The business had revenue of $7.61 billion during the quarter, compared to analysts' expectations 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 last year, the company posted $2.82 earnings per share. On average, equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 1.27%. The ex-dividend date was Friday, February 7th. D.R. Horton's dividend payout ratio (DPR) is 11.31%.

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.