Flputnam Investment Management Co. Sells 32,873 Shares of D.R. Horton, Inc. (NYSE:DHI)

Flputnam Investment Management Co. cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 21.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,977 shares of the construction company's stock after selling 32,873 shares during the quarter. Flputnam Investment Management Co.'s holdings in D.R. Horton were worth $17,055,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Coastline Trust Co purchased a new stake in shares of D.R. Horton during the third quarter valued at $26,000. Golden State Wealth Management LLC acquired a new stake in D.R. Horton during the 4th quarter worth about $30,000. Rakuten Securities Inc. boosted its holdings in shares of D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock worth $33,000 after buying an additional 117 shares during the period. Rosenberg Matthew Hamilton boosted its holdings in shares of D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after buying an additional 165 shares during the period. Finally, Sierra Ocean LLC purchased a new position in shares of D.R. Horton in the fourth quarter worth approximately $43,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Up 0.5 %

DHI traded up $0.67 during midday trading on Tuesday, hitting $126.35. 4,008,113 shares of the company's stock traded hands, compared to its average volume of 2,642,686. 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 has a market cap of $39.82 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The stock's fifty day simple moving average is $137.19 and its 200-day simple moving average is $162.33. D.R. Horton, Inc. has a one year low of $124.11 and a one 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 earnings per share for the quarter, beating analysts' consensus estimates of $2.37 by $0.24. The business had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. D.R. Horton's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.82 EPS. As a group, equities 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 business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. D.R. Horton's dividend payout ratio is currently 11.31%.

Wall Street Analyst Weigh In

DHI has been the subject of a number of recent analyst reports. Barclays decreased their price objective on shares of D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. Raymond James lowered D.R. Horton from an "outperform" rating to a "market perform" rating in a report on Thursday, November 7th. Bank of America downgraded D.R. Horton from a "buy" rating to a "neutral" rating and lowered their price target for the company from $160.00 to $150.00 in a report on Monday, January 27th. Keefe, Bruyette & Woods downgraded D.R. Horton from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Finally, Citigroup lowered their target price 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently 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.