D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Earnest Partners LLC

Earnest Partners LLC cut its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,845,960 shares of the construction company's stock after selling 50,997 shares during the quarter. D.R. Horton accounts for 1.2% of Earnest Partners LLC's holdings, making the stock its 15th largest holding. Earnest Partners LLC owned approximately 0.59% of D.R. Horton worth $258,102,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP raised its position in D.R. Horton by 5.5% in the 4th quarter. Allworth Financial LP now owns 1,561 shares of the construction company's stock valued at $229,000 after purchasing an additional 82 shares in the last quarter. Nemes Rush Group LLC raised its holdings in D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after acquiring an additional 82 shares in the last quarter. Secure Asset Management LLC lifted its stake in D.R. Horton by 4.8% in the fourth quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company's stock worth $257,000 after acquiring an additional 84 shares during the last quarter. Horizon Investments LLC grew its holdings in D.R. Horton by 1.7% during the 4th quarter. Horizon Investments LLC now owns 5,503 shares of the construction company's stock worth $767,000 after acquiring an additional 91 shares in the last quarter. Finally, Bfsg LLC increased its position in shares of D.R. Horton by 24.4% in the 4th quarter. Bfsg LLC now owns 484 shares of the construction company's stock valued at $68,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DHI. BTIG Research lowered their target price on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research note 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. StockNews.com cut D.R. Horton from a "hold" rating to a "sell" rating in a research report on Tuesday, April 22nd. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Barclays lowered their price target on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Finally, The Goldman Sachs Group cut their price objective on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Three 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $151.15.

D.R. Horton Stock Performance

NYSE DHI opened at $124.69 on Friday. The firm has a market cap of $38.30 billion, a P/E ratio of 8.81, a P/E/G ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The business's 50-day moving average price is $125.87 and its 200 day moving average price is $144.82. 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 earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share 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 company had revenue of $7.73 billion during the quarter, compared to analysts' expectations of $8.07 billion. During the same quarter last year, the business posted $3.52 earnings per share. On average, equities 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 company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 2nd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, May 2nd. D.R. Horton's payout ratio is 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.

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