Harvest Fund Management Co. Ltd Sells 4,263 Shares of D.R. Horton, Inc. (NYSE:DHI)

Harvest Fund Management Co. Ltd lowered its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 79.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,088 shares of the construction company's stock after selling 4,263 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in D.R. Horton were worth $152,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DHI. Mountaineer Partners Management LLC purchased a new stake in shares of D.R. Horton in the third quarter worth about $1,853,178,000. FMR LLC increased its stake in D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock worth $1,508,252,000 after acquiring an additional 2,442,581 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of D.R. Horton during the 4th quarter worth approximately $98,720,000. Amundi boosted its position in shares of D.R. Horton by 69.1% during the 4th quarter. Amundi now owns 1,358,213 shares of the construction company's stock valued at $190,014,000 after acquiring an additional 555,122 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new position in shares of D.R. Horton in the third quarter valued at $72,672,000. Institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Down 0.6 %

Shares of NYSE:DHI traded down $0.80 on Tuesday, hitting $129.55. 3,659,093 shares of the company's stock were exchanged, compared to its average volume of 2,696,078. The stock has a market capitalization of $40.82 billion, a price-to-earnings ratio of 9.16, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month 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. The business's 50 day simple moving average is $134.00 and its two-hundred day simple moving average is $156.03.

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

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.24%. D.R. Horton's dividend payout ratio (DPR) is currently 11.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DHI shares. Bank of America downgraded shares of D.R. Horton from a "buy" rating to a "neutral" rating and decreased their price target for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Wells Fargo & Company decreased 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 report on Tuesday, December 17th. Citigroup dropped their price target on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. StockNews.com raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Saturday, January 25th. Finally, The Goldman Sachs Group lowered their price objective on D.R. Horton from $200.00 to $171.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.