Capital World Investors Sells 391,751 Shares of D.R. Horton, Inc. (NYSE:DHI)

Capital World Investors lowered its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,563,644 shares of the construction company's stock after selling 391,751 shares during the period. Capital World Investors owned approximately 2.72% of D.R. Horton worth $1,197,368,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Nemes Rush Group LLC raised its position in D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after purchasing an additional 82 shares during the period. Golden State Wealth Management LLC purchased a new stake in D.R. Horton in the fourth quarter worth about $30,000. Rosenberg Matthew Hamilton boosted its holdings in D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after acquiring an additional 165 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in D.R. Horton during the 4th quarter valued at about $38,000. Finally, Sierra Ocean LLC purchased a new position in D.R. Horton in the 4th quarter worth approximately $43,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Down 0.1 %

Shares of D.R. Horton stock traded down $0.11 during trading hours on Wednesday, hitting $124.85. The company's stock had a trading volume of 5,367,469 shares, compared to its average volume of 2,937,336. The business has a fifty day moving average of $126.18 and a 200 day moving average of $146.07. The company has a market capitalization of $39.34 billion, a PE ratio of 8.82, a P/E/G ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. 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 announced its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). The firm had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same quarter in the previous year, the company earned $3.52 EPS. As a group, equities analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, May 2nd. D.R. Horton's payout ratio is 12.11%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DHI. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Royal Bank of Canada decreased their price target on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a research note on Monday. JPMorgan Chase & Co. dropped their price objective on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research note on Monday. Barclays dropped their target price on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Monday. Finally, Wedbush reiterated a "neutral" rating and set 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 assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, D.R. Horton currently has a consensus rating of "Hold" and a consensus target price of $151.15.

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.