D.R. Horton, Inc. (NYSE:DHI) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 252,043 shares of the construction company's stock after selling 12,138 shares during the quarter. QRG Capital Management Inc. owned about 0.08% of D.R. Horton worth $35,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of DHI. Mountaineer Partners Management LLC purchased a new position in shares of D.R. Horton during the 3rd quarter worth approximately $1,853,178,000. FMR LLC grew its position in shares of D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock worth $1,508,252,000 after buying an additional 2,442,581 shares during the period. Geode Capital Management LLC lifted its position in D.R. Horton by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company's stock valued at $1,351,435,000 after acquiring an additional 21,073 shares during the period. Smead Capital Management Inc. lifted its holdings in shares of D.R. Horton by 3.5% during the third quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company's stock valued at $480,106,000 after purchasing an additional 84,835 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of D.R. Horton by 7.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock worth $339,174,000 after purchasing an additional 120,892 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on DHI. StockNews.com upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Saturday, January 25th. Wedbush reaffirmed a "neutral" rating and issued a $180.00 price objective on shares of D.R. Horton in a research report on Friday, January 17th. Bank of America lowered D.R. Horton from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $160.00 to $150.00 in a report on Monday, January 27th. JPMorgan Chase & Co. downgraded D.R. Horton from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $188.00 to $156.00 in a report on Friday, December 13th. Finally, Royal Bank of Canada reiterated an "underperform" rating and issued a $125.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $170.93.

D.R. Horton Price Performance

NYSE:DHI traded down $1.18 on Monday, reaching $125.63. 3,879,739 shares of the company's stock traded hands, compared to its average volume of 2,636,353. The firm has a market cap of $39.59 billion, a PE ratio of 8.88, a P/E/G ratio of 0.54 and a beta of 1.76. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The stock has a 50-day simple moving average of $137.48 and a 200-day simple moving average of $162.68. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced 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. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm's revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.82 earnings per share. Equities research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 dividend yield of 1.27%. D.R. Horton's dividend payout ratio 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.