Brandywine Global Investment Management LLC Reduces Position in D.R. Horton, Inc. (NYSE:DHI)

Brandywine Global Investment Management LLC decreased its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 228,894 shares of the construction company's stock after selling 17,374 shares during the quarter. Brandywine Global Investment Management LLC owned 0.07% of D.R. Horton worth $32,004,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC bought a new stake in shares of D.R. Horton during the 3rd quarter valued at $1,853,178,000. Geode Capital Management LLC grew its holdings in D.R. Horton by 0.3% during the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company's stock valued at $1,351,435,000 after purchasing an additional 21,073 shares during the period. Norges Bank purchased a new stake in D.R. Horton in the fourth quarter worth about $593,363,000. Charles Schwab Investment Management Inc. raised its stake in shares of D.R. Horton by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company's stock worth $259,857,000 after buying an additional 47,678 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock valued at $339,174,000 after buying an additional 120,892 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

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D.R. Horton Price Performance

DHI stock traded up $5.36 during trading on Friday, hitting $127.67. 9,117,434 shares of the company's stock traded hands, compared to its average volume of 2,851,387. The business has a fifty day simple moving average of $131.02 and a 200 day simple moving average of $153.03. D.R. Horton, Inc. has a 52 week low of $118.00 and a 52 week high of $199.85. 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 stock has a market capitalization of $40.23 billion, a price-to-earnings ratio of 9.02, a P/E/G ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $7.12 billion. During the same quarter last year, the business posted $2.82 earnings per share. The firm's revenue was down 1.5% on a year-over-year basis. As a group, research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors 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 dividend on an annualized basis and a yield of 1.25%. D.R. Horton's dividend payout ratio is presently 11.31%.

Analyst Ratings Changes

A number of research firms have commented on DHI. Wedbush restated a "neutral" rating and set a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. Wells Fargo & Company lowered their target price on shares of D.R. Horton from $190.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. StockNews.com upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research note on Saturday, January 25th. Royal Bank of Canada restated an "underperform" rating and issued a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods cut D.R. Horton from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Two 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. Based on data from MarketBeat, D.R. Horton currently has an average rating of "Hold" and an average price target of $170.93.

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.