Payden & Rygel Sells 9,020 Shares of D.R. Horton, Inc. (NYSE:DHI)

Payden & Rygel decreased its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,000 shares of the construction company's stock after selling 9,020 shares during the period. Payden & Rygel's holdings in D.R. Horton were worth $10,487,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Insigneo Advisory Services LLC grew its position in shares of D.R. Horton by 1.9% in the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company's stock valued at $695,000 after purchasing an additional 67 shares during the last quarter. Allworth Financial LP grew its stake in D.R. Horton by 5.5% during the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company's stock worth $229,000 after buying an additional 82 shares during the last quarter. Nemes Rush Group LLC raised its stake in shares of 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 last quarter. Secure Asset Management LLC boosted its holdings in shares of D.R. Horton by 4.8% in the 4th quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company's stock worth $257,000 after acquiring an additional 84 shares in the last quarter. Finally, Horizon Investments LLC grew its position in D.R. Horton by 1.7% during the 4th quarter. Horizon Investments LLC now owns 5,503 shares of the construction company's stock worth $767,000 after acquiring an additional 91 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

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D.R. Horton Stock Down 2.0 %

Shares of D.R. Horton stock traded down $2.38 on Thursday, hitting $118.78. The company had a trading volume of 1,931,541 shares, compared to its average volume of 2,897,434. The stock has a 50-day moving average of $128.46 and a 200-day moving average of $150.39. The firm has a market capitalization of $37.43 billion, a P/E ratio of 8.32, a P/E/G ratio of 0.54 and a beta of 1.61. 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 twelve month low of $110.44 and a twelve month high of $199.85.

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, topping 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 firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the firm posted $2.82 EPS. The business's revenue was down 1.5% on a year-over-year basis. Research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Friday, February 7th. D.R. Horton's payout ratio is 11.31%.

Analyst Ratings Changes

DHI has been the topic of a number of research reports. Royal Bank of Canada reiterated an "underperform" rating and set a $125.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. StockNews.com raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Saturday, January 25th. JPMorgan Chase & Co. lowered D.R. Horton from a "neutral" rating to an "underweight" rating and cut their price target for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, The Goldman Sachs Group reduced 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 note on Tuesday, January 14th. 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 given a strong buy rating to the company. Based on data from MarketBeat, D.R. Horton currently has an average rating of "Hold" and an average price target of $169.14.

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.