Russell Investments Group Ltd. Sells 30,395 Shares of D.R. Horton, Inc. (NYSE:DHI)

Russell Investments Group Ltd. lowered its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 610,597 shares of the construction company's stock after selling 30,395 shares during the quarter. Russell Investments Group Ltd. owned about 0.19% of D.R. Horton worth $85,370,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DHI. Golden State Equity Partners boosted its holdings in shares of D.R. Horton by 435.6% in the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company's stock valued at $545,000 after acquiring an additional 3,171 shares in the last quarter. Toronto Dominion Bank increased its position in shares of D.R. Horton by 17.3% during the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company's stock valued at $20,025,000 after purchasing an additional 15,460 shares during the period. Pensionfund Sabic raised its stake in shares of D.R. Horton by 70.2% in the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company's stock worth $1,356,000 after buying an additional 4,000 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of D.R. Horton by 10.9% in the fourth quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company's stock valued at $3,923,000 after buying an additional 2,767 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new position in D.R. Horton during the third quarter valued at about $713,000. Institutional investors and hedge funds own 90.63% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DHI. JMP Securities reissued a "market outperform" rating and issued a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. StockNews.com upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Saturday, January 25th. UBS Group dropped their price target on D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada reissued an "underperform" rating and set a $125.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, Wedbush reaffirmed a "neutral" rating and set a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $169.14.

D.R. Horton Stock Down 0.0 %

Shares of DHI stock traded down $0.03 during trading on Friday, hitting $117.84. 1,527,435 shares of the company were exchanged, compared to its average volume of 2,896,679. The business's 50-day simple moving average is $128.08 and its 200 day simple moving average is $149.88. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The firm has a market capitalization of $37.13 billion, a price-to-earnings ratio of 8.33, 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 quick ratio of 1.09 and a current ratio of 6.92.

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, 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 company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the business posted $2.82 EPS. The company's revenue for the quarter was down 1.5% on a year-over-year basis. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. D.R. Horton's dividend payout ratio is 11.31%.

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.