Erste Asset Management GmbH Lowers Position in D.R. Horton, Inc. (NYSE:DHI)

Erste Asset Management GmbH lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 45.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 56,640 shares of the construction company's stock after selling 47,200 shares during the period. Erste Asset Management GmbH's holdings in D.R. Horton were worth $7,905,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mountaineer Partners Management LLC acquired a new position in D.R. Horton during the 3rd quarter valued at about $1,853,178,000. FMR LLC grew its holdings in shares of D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock valued at $1,508,252,000 after acquiring an additional 2,442,581 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of D.R. Horton by 0.3% in 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 acquiring an additional 21,073 shares in the last quarter. Smead Capital Management Inc. grew its holdings in shares of D.R. Horton by 3.5% in the third quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company's stock valued at $480,106,000 after acquiring an additional 84,835 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings 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 valued at $259,857,000 after acquiring an additional 47,678 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

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D.R. Horton Stock Performance

Shares of NYSE:DHI traded up $0.79 during trading on Tuesday, hitting $127.85. 1,733,006 shares of the company were exchanged, compared to its average volume of 3,705,799. The company has a market cap of $40.29 billion, a PE ratio of 9.04, a P/E/G ratio of 0.54 and a beta of 1.80. The stock 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 company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (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 firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the business posted $2.82 earnings per share. The business's quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed 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 dividend yield of 1.25%. D.R. Horton's dividend payout ratio (DPR) is presently 11.31%.

Analyst Ratings Changes

Several research firms have recently issued reports on DHI. Bank of America lowered D.R. Horton from a "buy" rating to a "neutral" rating and reduced their target price for the company from $160.00 to $150.00 in a report on Monday, January 27th. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Keefe, Bruyette & Woods lowered D.R. Horton from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Royal Bank of Canada reissued an "underperform" rating and set a $125.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, Wedbush reissued a "neutral" rating and set a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, D.R. Horton currently has an average rating of "Hold" and an average price target of $170.93.

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.