Legal & General Group Plc Has $275.81 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

Legal & General Group Plc trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 23.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,972,620 shares of the construction company's stock after selling 588,407 shares during the quarter. Legal & General Group Plc owned about 0.63% of D.R. Horton worth $275,812,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Nemes Rush Group LLC raised its holdings in 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 purchasing an additional 82 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of D.R. Horton in the 4th quarter worth $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at $38,000. Rosenberg Matthew Hamilton boosted its stake in D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock valued at $38,000 after buying an additional 165 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new position in shares of D.R. Horton in the 4th quarter worth approximately $43,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an "underperform" rating and set a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Bank of America cut D.R. Horton from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. UBS Group cut their price objective on D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Barclays decreased their target price on shares of D.R. Horton from $145.00 to $120.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, StockNews.com upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Saturday, January 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $169.14.

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D.R. Horton Stock Up 1.6 %

Shares of DHI traded up $1.87 during midday trading on Friday, reaching $119.74. 3,642,476 shares of the stock were exchanged, compared to its average volume of 2,904,602. The company has a market cap of $37.73 billion, a price-to-earnings ratio of 8.46, a P/E/G ratio of 0.54 and a beta of 1.61. 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 12-month low of $110.44 and a 12-month high of $199.85. The firm has a 50 day simple moving average of $127.68 and a 200-day simple moving average of $149.41.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results 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. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the previous year, the company earned $2.82 earnings per share. The company's revenue was down 1.5% compared to the same quarter last year. Research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's dividend 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.