Natixis Advisors LLC Sells 12,651 Shares of D.R. Horton, Inc. (NYSE:DHI)

Natixis Advisors LLC reduced its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,524 shares of the construction company's stock after selling 12,651 shares during the period. Natixis Advisors LLC owned approximately 0.06% of D.R. Horton worth $27,758,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Frank Rimerman Advisors LLC boosted its stake in D.R. Horton by 41.3% during the 4th quarter. Frank Rimerman Advisors LLC now owns 1,926 shares of the construction company's stock valued at $269,000 after purchasing an additional 563 shares during the last quarter. Carret Asset Management LLC boosted its position in shares of D.R. Horton by 2.2% during the fourth quarter. Carret Asset Management LLC now owns 27,864 shares of the construction company's stock valued at $3,896,000 after buying an additional 609 shares during the last quarter. Atala Financial Inc bought a new stake in D.R. Horton during the fourth quarter worth $135,000. JPL Wealth Management LLC purchased a new stake in D.R. Horton in the 4th quarter valued at $3,526,000. Finally, Commonwealth Equity Services LLC lifted its stake in D.R. Horton by 2.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 45,214 shares of the construction company's stock valued at $6,322,000 after acquiring an additional 1,058 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

NYSE DHI traded down $2.36 during trading on Friday, hitting $128.77. 7,753,562 shares of the company's stock traded hands, compared to its average volume of 2,689,231. The business has a 50 day moving average of $134.57 and a 200-day moving average of $157.60. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The stock has a market capitalization of $40.58 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 0.54 and a beta of 1.80.

Remove Ads

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. 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 EPS. The firm's revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's dividend payout ratio is 11.31%.

Analysts Set New Price Targets

DHI has been the subject of several recent analyst reports. Wedbush reiterated a "neutral" rating and issued a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Citigroup decreased their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. UBS Group cut their target price on D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Finally, Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $170.93.

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.