Achmea Investment Management B.V. Sells 13,107 Shares of D.R. Horton, Inc. (NYSE:DHI)

Achmea Investment Management B.V. cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 13.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 83,345 shares of the construction company's stock after selling 13,107 shares during the period. Achmea Investment Management B.V.'s holdings in D.R. Horton were worth $11,654,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DHI. Coastline Trust Co purchased a new stake in D.R. Horton during the 3rd quarter valued at $26,000. Golden State Wealth Management LLC purchased a new stake in D.R. Horton during the 4th quarter valued at $30,000. Rosenberg Matthew Hamilton raised its stake in D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock valued at $38,000 after buying an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in D.R. Horton during the 4th quarter valued at $38,000. Finally, Sierra Ocean LLC purchased a new stake in shares of D.R. Horton in the 4th quarter worth $43,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

Shares of DHI traded up $0.79 during midday trading on Tuesday, hitting $127.85. 1,733,005 shares of the company traded hands, compared to its average volume of 2,657,945. The firm has a 50 day moving average of $135.14 and a 200-day moving average of $158.41. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85. The stock has a market cap of $40.29 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 0.54 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92.

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D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the firm earned $2.82 EPS. The business's revenue was down 1.5% on a year-over-year basis. On average, analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Friday, February 7th. D.R. Horton's dividend payout ratio (DPR) is presently 11.31%.

Analyst Ratings Changes

Several research firms have recently commented on DHI. StockNews.com upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research note on Saturday, January 25th. UBS Group reduced their price objective on 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. JMP Securities restated a "market outperform" rating and issued a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Wells Fargo & Company reduced their price objective on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Finally, Barclays reduced their price objective on D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $170.93.

D.R. Horton 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.