Fmr LLC Trims Stock Position in D.R. Horton, Inc. (NYSE:DHI)

FMR LLC reduced its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 27.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,712,839 shares of the construction company's stock after selling 2,193,290 shares during the period. FMR LLC owned about 1.81% of D.R. Horton worth $798,769,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Nemes Rush Group LLC increased its position in shares of 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 acquiring an additional 82 shares during the period. Golden State Wealth Management LLC bought a new stake in D.R. Horton during the 4th quarter valued at $30,000. Rosenberg Matthew Hamilton grew its position in shares of D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after buying an additional 165 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of D.R. Horton during the fourth quarter valued at $38,000. Finally, Sierra Ocean LLC bought a new stake in shares of D.R. Horton in the fourth quarter valued at about $43,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. UBS Group dropped their target price on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada reissued an "underperform" rating and set a $125.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Wells Fargo & Company lowered their target price on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. JMP Securities reiterated a "market outperform" rating and issued a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, Bank of America cut D.R. Horton from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of "Hold" and a consensus target price of $169.14.

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D.R. Horton Stock Performance

DHI stock traded up $1.87 during trading on Friday, reaching $119.74. The company had a trading volume of 3,642,476 shares, compared to its average volume of 2,904,888. The company has a market cap 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. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. 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 firm has a 50-day simple moving average of $127.68 and a 200-day simple moving average of $149.14.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm's revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.82 EPS. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm 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 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 presently 11.31%.

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.