Empirical Finance LLC Sells 4,523 Shares of D.R. Horton, Inc. (NYSE:DHI)

Empirical Finance LLC trimmed its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 30.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,557 shares of the construction company's stock after selling 4,523 shares during the quarter. Empirical Finance LLC's holdings in D.R. Horton were worth $1,476,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DHI. Mountaineer Partners Management LLC bought a new position in D.R. Horton in the 3rd quarter valued at approximately $1,853,178,000. FMR LLC lifted its holdings in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock worth $1,508,252,000 after buying an additional 2,442,581 shares during the period. Geode Capital Management LLC grew its position in shares of D.R. Horton by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company's stock valued at $1,351,435,000 after buying an additional 21,073 shares during the last quarter. Smead Capital Management Inc. increased its stake in shares of D.R. Horton by 3.5% in the third quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company's stock valued at $480,106,000 after buying an additional 84,835 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of D.R. Horton by 7.3% during the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock worth $339,174,000 after acquiring an additional 120,892 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Stock Performance

D.R. Horton stock traded up $1.54 during midday trading on Thursday, hitting $129.29. 3,535,226 shares of the company were exchanged, compared to its average volume of 3,711,904. The business has a fifty day simple moving average of $142.72 and a two-hundred day simple moving average of $166.70. The firm has a market capitalization of $40.74 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton, Inc. has a fifty-two week low of $125.84 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The business 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 business's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.82 earnings per share. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton's payout ratio is 11.31%.

Wall Street Analyst Weigh In

DHI has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their price target on shares of D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Royal Bank of Canada reiterated an "underperform" rating and set a $125.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. JMP Securities restated a "market outperform" rating and issued a $210.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods downgraded D.R. Horton from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company reduced their price objective on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Two 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 MarketBeat, the company presently has a consensus rating of "Hold" and an average 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.