Guggenheim Capital LLC Has $758,000 Holdings in D.R. Horton, Inc. (NYSE:DHI)

Guggenheim Capital LLC lowered its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 77.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,420 shares of the construction company's stock after selling 18,957 shares during the period. Guggenheim Capital LLC's holdings in D.R. Horton were worth $758,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nemes Rush Group LLC raised its position in shares of D.R. Horton by 74.5% during the fourth 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 during the fourth quarter valued at about $30,000. Rosenberg Matthew Hamilton boosted its holdings in shares of 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 buying an additional 165 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $38,000. Finally, Sierra Ocean LLC purchased a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 90.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DHI shares. JPMorgan Chase & Co. reduced their target price on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Barclays lowered their price objective on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. JMP Securities decreased their target price on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a research note on Monday, April 21st. Wedbush reaffirmed a "neutral" rating and issued a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. Finally, BTIG Research dropped their price objective on D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $151.15.

D.R. Horton Stock Performance

Shares of NYSE:DHI traded down $1.35 on Friday, hitting $124.69. 3,588,150 shares of the company were exchanged, compared to its average volume of 2,949,679. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The company's 50 day moving average price is $125.87 and its two-hundred day moving average price is $144.82. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The firm has a market capitalization of $38.30 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 0.54 and a beta of 1.61.

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 the consensus estimate of $2.69 by ($0.11). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same period last year, the company earned $3.52 EPS. Research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is presently 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.