Picton Mahoney Asset Management Reduces Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Picton Mahoney Asset Management lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,551 shares of the construction company's stock after selling 6,458 shares during the period. Picton Mahoney Asset Management's holdings in D.R. Horton were worth $12,519,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Coastline Trust Co acquired a new position in shares of D.R. Horton during the third quarter worth $26,000. Golden State Wealth Management LLC acquired a new position in D.R. Horton in the fourth quarter valued at $30,000. FSA Wealth Management LLC acquired a new position in D.R. Horton in the third quarter valued at $47,000. Kohmann Bosshard Financial Services LLC acquired a new position in D.R. Horton in the fourth quarter valued at $38,000. Finally, Rosenberg Matthew Hamilton boosted its stake in D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock valued at $38,000 after acquiring an additional 165 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Performance

NYSE DHI traded up $2.63 during trading hours on Wednesday, hitting $130.48. 3,162,967 shares of the stock were exchanged, compared to its average volume of 2,660,472. The company has a market cap of $41.12 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The stock has a 50-day moving average of $134.94 and a 200 day moving average of $157.98. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

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D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to analysts' expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.82 earnings per share. As a group, equities research analysts forecast 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 issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. D.R. Horton's dividend payout ratio (DPR) is presently 11.31%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Bank of America downgraded shares of D.R. Horton from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Wedbush restated a "neutral" rating and issued a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. 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 decreased their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $210.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned 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 target price of $170.93.

D.R. Horton 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.