Parnassus Investments LLC Decreases Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Parnassus Investments LLC trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 4.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,098,488 shares of the construction company's stock after selling 207,008 shares during the period. Parnassus Investments LLC owned 1.30% of D.R. Horton worth $573,051,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Coastline Trust Co purchased a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $26,000. Golden State Wealth Management LLC bought a new position in D.R. Horton during the fourth quarter valued at $30,000. FSA Wealth Management LLC purchased a new position in shares of D.R. Horton in the 3rd quarter worth $47,000. Ashton Thomas Securities LLC bought a new stake in shares of D.R. Horton in the 3rd quarter worth about $50,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of D.R. Horton during the 4th quarter valued at about $38,000. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DHI shares. Wells Fargo & Company reduced their price objective on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. JPMorgan Chase & Co. downgraded D.R. Horton from a "neutral" rating to an "underweight" rating and lowered their price target for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. The Goldman Sachs Group cut their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. Finally, Citigroup cut their price target on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Two equities 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $170.93.

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D.R. Horton Stock Up 0.6 %

Shares of DHI traded up $0.79 during midday trading on Tuesday, reaching $127.85. 1,733,006 shares of the stock were exchanged, compared to its average volume of 2,657,945. The company has a market capitalization of $40.29 billion, a P/E ratio of 9.04, a PEG ratio of 0.54 and a beta of 1.80. 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 52 week low of $124.23 and a 52 week high of $199.85. The company's 50 day moving average is $135.14 and its two-hundred day moving average is $158.41.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 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 business had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the firm posted $2.82 EPS. The company's revenue for the quarter was down 1.5% on a year-over-year basis. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 yield of 1.25%. D.R. Horton's dividend payout ratio (DPR) is presently 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.