Prudential Financial Inc. Sells 40,698 Shares of D.R. Horton, Inc. (NYSE:DHI)

Prudential Financial Inc. reduced its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 20.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,338 shares of the construction company's stock after selling 40,698 shares during the period. Prudential Financial Inc.'s holdings in D.R. Horton were worth $21,719,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DHI. Mountaineer Partners Management LLC purchased a new stake in shares of D.R. Horton during the third quarter worth about $1,853,178,000. FMR LLC raised its position in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares during the last quarter. Raymond James Financial Inc. bought a new position in D.R. Horton during the 4th quarter valued at approximately $98,720,000. Amundi lifted its holdings in D.R. Horton by 69.1% in the 4th quarter. Amundi now owns 1,358,213 shares of the construction company's stock worth $190,014,000 after buying an additional 555,122 shares during the period. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $72,672,000. Institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on DHI shares. Keefe, Bruyette & Woods lowered D.R. Horton from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. JMP Securities reaffirmed a "market outperform" rating and issued a $210.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. The Goldman Sachs Group reduced their price target 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. Seaport Res Ptn upgraded shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, Bank of America cut D.R. Horton from a "buy" rating to a "neutral" rating and cut their price objective for the company from $160.00 to $150.00 in a research report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $170.93.

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D.R. Horton Stock Up 0.9 %

D.R. Horton stock traded up $1.17 during mid-day trading on Monday, reaching $127.16. The stock had a trading volume of 2,316,316 shares, compared to its average volume of 2,808,722. The company has a market capitalization of $40.07 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 0.54 and a beta of 1.80. 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 one year low of $124.23 and a one year high of $199.85. The company has a 50-day moving average price of $132.49 and a two-hundred day moving average price of $154.36.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly 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 firm had revenue of $7.61 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the prior year, the company posted $2.82 earnings per share. The business's revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's dividend payout ratio is currently 11.31%.

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.