D.R. Horton, Inc. (NYSE:DHI) Stock Position Lessened by Rhumbline Advisers

Rhumbline Advisers lowered its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 654,483 shares of the construction company's stock after selling 11,434 shares during the quarter. Rhumbline Advisers owned about 0.20% of D.R. Horton worth $91,510,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DHI. TCI Wealth Advisors Inc. raised its holdings in D.R. Horton by 4.1% during the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company's stock worth $284,000 after purchasing an additional 58 shares in the last quarter. Covestor Ltd grew its holdings in shares of D.R. Horton by 6.6% during the third quarter. Covestor Ltd now owns 1,064 shares of the construction company's stock worth $203,000 after purchasing an additional 66 shares during the last quarter. Insigneo Advisory Services LLC lifted its holdings in shares of D.R. Horton by 1.9% in the 3rd 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. Demars Financial Group LLC boosted its position in shares of D.R. Horton by 3.5% in the 3rd quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company's stock valued at $419,000 after purchasing an additional 74 shares during the period. Finally, Private Trust Co. NA grew its stake in D.R. Horton by 1.0% during the 3rd quarter. Private Trust Co. NA now owns 7,620 shares of the construction company's stock worth $1,454,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Down 2.4 %

NYSE:DHI traded down $3.07 on Wednesday, reaching $126.74. The stock had a trading volume of 3,878,943 shares, compared to its average volume of 3,634,043. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a market cap of $39.94 billion, a P/E ratio of 8.96, a price-to-earnings-growth ratio of 0.55 and a beta of 1.76. The company has a 50-day moving average of $140.41 and a 200 day moving average of $165.23.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion for 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%. D.R. Horton's revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the company posted $2.82 earnings per share. On average, 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 announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Friday, February 7th. D.R. Horton's payout ratio is 11.31%.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of research reports. Evercore ISI reduced their price objective on D.R. Horton from $218.00 to $204.00 and set an "outperform" rating for the company in a research note on Wednesday, October 30th. UBS Group dropped their target price on D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Citigroup cut their price target on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Raymond James cut D.R. Horton from an "outperform" rating to a "market perform" rating in a report on Thursday, November 7th. Finally, Bank of America downgraded shares of D.R. Horton from a "buy" rating to a "neutral" rating and reduced their price target for the company from $160.00 to $150.00 in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $170.93.

Insider Activity

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.54% of the company's stock.

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.