Envestnet Asset Management Inc. Decreases Position in D.R. Horton, Inc. (NYSE:DHI)

Envestnet Asset Management Inc. cut its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 989,628 shares of the construction company's stock after selling 49,703 shares during the period. Envestnet Asset Management Inc. owned 0.31% of D.R. Horton worth $138,370,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Nemes Rush Group LLC lifted its stake in D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after purchasing an additional 82 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in D.R. Horton in the fourth quarter valued at approximately $30,000. Rosenberg Matthew Hamilton raised its holdings in D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after purchasing an additional 165 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of D.R. Horton during the 4th quarter worth approximately $38,000. Finally, Sierra Ocean LLC acquired a new position in shares of D.R. Horton in the 4th quarter valued at $43,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

DHI traded up $1.87 during trading on Friday, reaching $119.74. The company's stock had a trading volume of 3,642,476 shares, compared to its average volume of 2,904,888. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The company's fifty day moving average price is $127.68 and its 200-day moving average price is $149.14. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The company has a market capitalization of $37.73 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

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D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating analysts' consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company'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 business earned $2.82 earnings per share. On average, equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed 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 yield of 1.34%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's dividend payout ratio is currently 11.31%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DHI. Wedbush reissued a "neutral" rating and issued a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Citigroup dropped their price target on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. The Goldman Sachs Group reduced their price objective on D.R. Horton from $200.00 to $171.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada restated an "underperform" rating and set a $125.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, D.R. Horton currently has an average rating of "Hold" and a consensus price target of $169.14.

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.