Korea Investment CORP Reduces Position in D.R. Horton, Inc. (NYSE:DHI)

Korea Investment CORP cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 28.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 246,398 shares of the construction company's stock after selling 95,789 shares during the quarter. Korea Investment CORP owned approximately 0.08% of D.R. Horton worth $34,451,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in D.R. Horton during the fourth quarter worth $30,000. Rosenberg Matthew Hamilton lifted its stake in shares of D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock valued at $38,000 after purchasing an additional 165 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at about $38,000. Sierra Ocean LLC acquired a new stake in D.R. Horton during the fourth quarter worth approximately $43,000. Finally, FSA Wealth Management LLC acquired a new position in D.R. Horton in the third quarter valued at approximately $47,000. Institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Up 0.2 %

Shares of DHI traded up $0.21 during trading hours on Tuesday, reaching $127.34. 1,130,579 shares of the company traded hands, compared to its average volume of 3,612,361. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85. The company has a market capitalization of $40.13 billion, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The company's fifty day moving average price is $132.49 and its two-hundred day moving average price is $154.36. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

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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 the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the company posted $2.82 earnings per share. The firm's revenue was down 1.5% on a year-over-year basis. Equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. D.R. Horton's dividend payout ratio (DPR) is presently 11.31%.

Wall Street Analyst Weigh In

DHI has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an "underperform" rating and set a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods lowered D.R. Horton from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Citigroup reduced 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 research report on Monday, January 6th. Finally, JPMorgan Chase & Co. downgraded shares of D.R. Horton from a "neutral" rating to an "underweight" rating and lowered their price objective for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price 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.