D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Assetmark Inc.

Assetmark Inc. reduced its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 457,691 shares of the construction company's stock after selling 2,423 shares during the quarter. Assetmark Inc. owned about 0.15% of D.R. Horton worth $63,994,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Golden State Equity Partners lifted its holdings in shares of D.R. Horton by 435.6% in the 4th quarter. Golden State Equity Partners now owns 3,899 shares of the construction company's stock worth $545,000 after acquiring an additional 3,171 shares during the last quarter. KBC Group NV raised its position in D.R. Horton by 360.0% in the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company's stock worth $51,706,000 after purchasing an additional 212,112 shares during the period. Legacy CG LLC bought a new stake in D.R. Horton in the third quarter worth about $4,220,000. Toronto Dominion Bank boosted its position in shares of D.R. Horton by 17.3% during the third quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company's stock valued at $20,025,000 after buying an additional 15,460 shares during the period. Finally, Pensionfund Sabic grew its stake in shares of D.R. Horton by 70.2% during the fourth quarter. Pensionfund Sabic now owns 9,700 shares of the construction company's stock valued at $1,356,000 after buying an additional 4,000 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Up 3.6 %

DHI stock traded up $4.69 during trading on Thursday, hitting $134.06. 5,773,607 shares of the company's stock traded hands, compared to its average volume of 2,662,478. The business has a fifty day simple moving average of $136.65 and a two-hundred day simple moving average of $161.73. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $42.25 billion, a P/E ratio of 9.47, a PEG ratio of 0.54 and a beta of 1.76. D.R. Horton, Inc. has a 1 year low of $124.23 and a 1 year high of $199.85.

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 the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion during 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%. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.82 EPS. Sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's payout ratio is 11.31%.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered D.R. Horton from a "neutral" rating to an "underweight" rating and decreased their price target for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Wedbush reiterated a "neutral" rating and set a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. JMP Securities reissued a "market outperform" rating and set a $210.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Raymond James downgraded shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada reissued an "underperform" rating and issued a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.