Principal Financial Group Inc. Has $241.72 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Principal Financial Group Inc. lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,728,789 shares of the construction company's stock after selling 49,131 shares during the quarter. Principal Financial Group Inc. owned approximately 0.55% of D.R. Horton worth $241,719,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in D.R. Horton during the 4th quarter worth $43,000. Allworth Financial LP boosted its position in D.R. Horton by 5.5% during the 4th quarter. Allworth Financial LP now owns 1,561 shares of the construction company's stock worth $229,000 after acquiring an additional 82 shares during the period. Principal Securities Inc. boosted its position in D.R. Horton by 4.8% during the 4th quarter. Principal Securities Inc. now owns 11,215 shares of the construction company's stock worth $1,568,000 after acquiring an additional 515 shares during the period. Aveo Capital Partners LLC boosted its position in D.R. Horton by 111.8% during the 4th quarter. Aveo Capital Partners LLC now owns 7,567 shares of the construction company's stock worth $1,058,000 after acquiring an additional 3,994 shares during the period. Finally, Myriad Asset Management US LP acquired a new position in D.R. Horton during the 4th quarter worth $2,775,000. Institutional investors and hedge funds own 90.63% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on DHI. Wedbush reiterated a "neutral" rating and set a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. UBS Group dropped their price objective on D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Bank of America downgraded D.R. Horton from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. 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 dropped their price objective on D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $170.93.

D.R. Horton Price Performance

Shares of DHI traded down $2.76 during mid-day trading on Friday, reaching $125.92. The company had a trading volume of 2,777,046 shares, compared to its average volume of 3,598,174. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve 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 company's 50-day moving average is $139.42 and its 200-day moving average is $164.71. The company has a market capitalization of $39.68 billion, a P/E ratio of 8.90, a P/E/G ratio of 0.54 and a beta of 1.76.

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 analysts' consensus estimates of $2.37 by $0.24. The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. D.R. Horton's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.82 EPS. On average, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.40 per share. 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 1.27%. D.R. Horton's dividend payout ratio (DPR) is presently 11.31%.

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.