Invesco Ltd. Has $286.36 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Invesco Ltd. lowered its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 26.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,048,040 shares of the construction company's stock after selling 735,286 shares during the period. Invesco Ltd. owned approximately 0.65% of D.R. Horton worth $286,357,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of DHI. Allworth Financial LP raised its position in shares of D.R. Horton by 5.5% in the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company's stock valued at $229,000 after buying an additional 82 shares during the last quarter. Nemes Rush Group LLC grew its holdings in shares of D.R. Horton by 74.5% during the 4th 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 period. Secure Asset Management LLC lifted its position in D.R. Horton by 4.8% during the fourth quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company's stock valued at $257,000 after buying an additional 84 shares in the last quarter. Horizon Investments LLC boosted its position in D.R. Horton by 1.7% during the 4th quarter. Horizon Investments LLC now owns 5,503 shares of the construction company's stock worth $767,000 after purchasing an additional 91 shares during the period. Finally, Bfsg LLC increased its holdings in D.R. Horton by 24.4% in the 4th quarter. Bfsg LLC now owns 484 shares of the construction company's stock valued at $68,000 after purchasing an additional 95 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

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D.R. Horton Stock Performance

NYSE:DHI traded down $1.60 on Tuesday, hitting $119.42. The company's stock had a trading volume of 1,936,999 shares, compared to its average volume of 2,904,419. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The stock has a fifty day moving average of $127.32 and a two-hundred day moving average of $148.65. The firm has a market capitalization of $37.63 billion, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI - Get Free Report) last released 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 firm 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%. The company's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.82 earnings per share. Research analysts predict 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. 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 dividend yield of 1.34%. D.R. Horton's dividend payout ratio (DPR) is presently 11.31%.

Wall Street Analyst Weigh In

DHI has been the subject of a number of recent analyst reports. Citigroup lowered their price target on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Wells Fargo & Company reduced their price objective on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Monday. Barclays cut their target price on shares of D.R. Horton from $145.00 to $120.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. UBS Group lowered their price target on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Finally, JMP Securities restated a "market outperform" rating and issued a $210.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, D.R. Horton presently has an average rating of "Hold" and a consensus price target of $168.07.

D.R. Horton Company Profile

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.