D.R. Horton, Inc. (NYSE:DHI) Stock Holdings Decreased by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC trimmed its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 21.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,643 shares of the construction company's stock after selling 4,242 shares during the period. Kayne Anderson Rudnick Investment Management LLC's holdings in D.R. Horton were worth $2,187,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of D.R. Horton by 7.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock valued at $339,174,000 after acquiring an additional 120,892 shares during the last quarter. Passumpsic Savings Bank acquired a new stake in shares of D.R. Horton during the third quarter worth $2,466,000. Virtu Financial LLC bought a new position in shares of D.R. Horton in the 3rd quarter worth about $2,942,000. Morse Asset Management Inc boosted its holdings in shares of D.R. Horton by 11.5% in the 3rd quarter. Morse Asset Management Inc now owns 17,763 shares of the construction company's stock valued at $3,389,000 after buying an additional 1,835 shares during the period. Finally, SkyView Investment Advisors LLC grew its position in shares of D.R. Horton by 3.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 5,463 shares of the construction company's stock valued at $1,042,000 after buying an additional 198 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on DHI. StockNews.com downgraded D.R. Horton from a "hold" rating to a "sell" rating in a research note on Tuesday. Royal Bank of Canada lowered their price objective on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a research note on Monday. Wells Fargo & Company cut their target price on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group lowered their price target on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, BTIG Research dropped their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, D.R. Horton currently has an average rating of "Hold" and a consensus price target of $151.15.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $124.80 on Wednesday. The stock's 50 day moving average price is $126.18 and its 200 day moving average price is $146.07. 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 stock has a market cap of $39.33 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing the consensus estimate 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 quarter last year, the company earned $3.52 EPS. Equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. D.R. Horton's payout ratio is currently 12.11%.

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.

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