LSV Asset Management Lowers Stock Position in D.R. Horton, Inc. (NYSE:DHI)

LSV Asset Management reduced its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 90.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,100 shares of the construction company's stock after selling 28,700 shares during the period. LSV Asset Management's holdings in D.R. Horton were worth $433,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Nemes Rush Group LLC lifted its holdings in D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after acquiring an additional 82 shares during the period. Golden State Wealth Management LLC purchased a new stake in D.R. Horton during the 4th quarter worth $30,000. Rosenberg Matthew Hamilton lifted its position in 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 acquiring an additional 165 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of D.R. Horton during the fourth quarter valued at about $38,000. Finally, Sierra Ocean LLC acquired a new stake in shares of D.R. Horton during the fourth quarter worth approximately $43,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Price Performance

DHI stock traded down $2.08 during midday trading on Monday, reaching $119.17. 463,037 shares of the stock were exchanged, compared to its average volume of 2,904,976. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The company has a fifty day moving average price of $126.41 and a 200 day moving average price of $146.67. The stock has a market capitalization of $37.55 billion, a PE ratio of 8.44, a P/E/G ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same quarter last year, the firm posted $3.52 EPS. As a group, analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Friday, May 2nd. D.R. Horton's dividend payout ratio is currently 12.11%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Royal Bank of Canada reissued an "underperform" rating and issued a $125.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Barclays cut their price objective on D.R. Horton from $145.00 to $120.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Wedbush reiterated a "neutral" rating and set a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. Finally, Wells Fargo & Company reduced their price objective on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $162.92.

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.