Connor Clark & Lunn Investment Management Ltd. Sells 33,193 Shares of D.R. Horton, Inc. (NYSE:DHI)

Connor Clark & Lunn Investment Management Ltd. trimmed its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 84.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,204 shares of the construction company's stock after selling 33,193 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in D.R. Horton were worth $867,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake 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. Pathstone Holdings LLC boosted its stake in D.R. Horton by 3.4% in the 3rd quarter. Pathstone Holdings LLC now owns 42,770 shares of the construction company's stock worth $8,159,000 after purchasing an additional 1,426 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in D.R. Horton during the 3rd quarter valued at approximately $1,746,000. Advisors Asset Management Inc. raised its position in shares of D.R. Horton by 17.0% during the third quarter. Advisors Asset Management Inc. now owns 27,416 shares of the construction company's stock valued at $5,230,000 after buying an additional 3,990 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in shares of D.R. Horton by 1.6% in the third quarter. Citizens Financial Group Inc. RI now owns 8,006 shares of the construction company's stock worth $1,527,000 after buying an additional 126 shares in the last quarter. Institutional investors own 90.63% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Bank of America cut shares of D.R. Horton from a "buy" rating to a "neutral" rating and cut their target price for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Royal Bank of Canada reaffirmed an "underperform" rating and issued a $125.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. StockNews.com raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Saturday, January 25th. Barclays decreased their price objective on D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods lowered shares of D.R. Horton from an "outperform" rating to a "market perform" rating and cut their target price for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $170.93.

D.R. Horton Trading Down 0.6 %

NYSE:DHI traded down $0.80 during mid-day trading on Tuesday, hitting $129.55. 3,659,037 shares of the stock traded hands, compared to its average volume of 2,691,779. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85. The firm's 50 day moving average is $134.26 and its two-hundred day moving average is $156.43. The stock has a market capitalization of $40.82 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 0.54 and a beta of 1.80. 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 posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the previous year, the business earned $2.82 EPS. D.R. Horton's revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.24%. D.R. Horton's dividend payout ratio (DPR) is 11.31%.

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.