Wellington Management Group LLP Cuts Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Wellington Management Group LLP lessened its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 89.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,787 shares of the construction company's stock after selling 38,949 shares during the period. Wellington Management Group LLP's holdings in D.R. Horton were worth $669,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in D.R. Horton in the 4th quarter valued at $593,363,000. Raymond James Financial Inc. acquired a new stake in shares of D.R. Horton in the fourth quarter valued at about $98,720,000. Amundi increased its stake in shares of D.R. Horton by 69.1% during the fourth quarter. Amundi now owns 1,358,213 shares of the construction company's stock worth $190,014,000 after purchasing an additional 555,122 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of D.R. Horton by 22,199.7% during the 4th quarter. Proficio Capital Partners LLC now owns 262,914 shares of the construction company's stock worth $36,761,000 after purchasing an additional 261,735 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in D.R. Horton by 112.7% in the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company's stock valued at $57,255,000 after buying an additional 215,947 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Up 3.2 %

Shares of D.R. Horton stock traded up $3.75 during trading hours on Friday, hitting $121.29. The company had a trading volume of 6,395,720 shares, compared to its average volume of 2,914,346. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The company has a market cap of $38.22 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. 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 $126.41 and its two-hundred day moving average is $146.97.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same period last year, the company earned $3.52 earnings per share. Analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Friday, February 7th. D.R. Horton's dividend payout ratio is currently 11.31%.

Analyst Upgrades and Downgrades

Several research firms have commented on DHI. Citigroup cut their price objective on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. StockNews.com upgraded D.R. Horton from a "sell" rating to a "hold" rating in a report on Saturday, January 25th. JMP Securities reaffirmed a "market outperform" rating and set a $210.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. The Goldman Sachs Group decreased their price target on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, UBS Group dropped their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $162.21.

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.