Intech Investment Management LLC Sells 72,244 Shares of D.R. Horton, Inc. (NYSE:DHI)

Intech Investment Management LLC decreased its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 66.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,145 shares of the construction company's stock after selling 72,244 shares during the period. Intech Investment Management LLC's holdings in D.R. Horton were worth $5,054,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DHI. Golden State Wealth Management LLC purchased a new position in shares of D.R. Horton during the 4th quarter valued at $30,000. Rosenberg Matthew Hamilton boosted its position 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 during the period. Kohmann Bosshard Financial Services LLC purchased a new position in shares of D.R. Horton in the fourth quarter worth about $38,000. Sierra Ocean LLC purchased a new stake in shares of D.R. Horton during the 4th quarter valued at approximately $43,000. Finally, FSA Wealth Management LLC bought a new position in D.R. Horton in the 3rd quarter worth approximately $47,000. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on DHI shares. Keefe, Bruyette & Woods downgraded D.R. Horton from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Barclays dropped their price objective on D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. Wedbush reaffirmed a "neutral" rating and set a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. Bank of America lowered shares of D.R. Horton from a "buy" rating to a "neutral" rating and cut their price objective for the company from $160.00 to $150.00 in a research report on Monday, January 27th. Finally, Citigroup decreased their target price on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $170.93.

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D.R. Horton Trading Down 1.8 %

Shares of NYSE DHI traded down $2.36 during midday trading on Friday, reaching $128.77. The company had a trading volume of 7,753,727 shares, compared to its average volume of 2,692,452. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85. The stock has a market cap of $40.58 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The firm's fifty day moving average price is $134.42 and its 200-day moving average price is $157.00.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) 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 analysts' expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.82 earnings per share. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

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