Savant Capital LLC Sells 8,491 Shares of D.R. Horton, Inc. (NYSE:DHI)

Savant Capital LLC reduced its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 60.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,552 shares of the construction company's stock after selling 8,491 shares during the period. Savant Capital LLC's holdings in D.R. Horton were worth $776,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DHI. Golden State Equity Partners grew its stake 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 worth $545,000 after acquiring an additional 3,171 shares during the period. KBC Group NV grew its position in shares of D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company's stock valued at $51,706,000 after acquiring an additional 212,112 shares during the period. Legacy CG LLC purchased a new stake in D.R. Horton in the third quarter worth about $4,220,000. Toronto Dominion Bank increased its position in D.R. Horton by 17.3% in the third quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company's stock worth $20,025,000 after buying an additional 15,460 shares in the last quarter. Finally, Pensionfund Sabic increased its holdings in 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 acquiring an additional 4,000 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Price Performance

Shares of D.R. Horton stock traded down $3.07 during trading hours on Wednesday, reaching $126.74. The company's stock had a trading volume of 3,206,033 shares, compared to its average volume of 3,599,814. The firm has a 50 day moving average price of $140.41 and a 200-day moving average price of $165.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The stock has a market cap of $39.94 billion, a P/E ratio of 8.96, a P/E/G ratio of 0.55 and a beta of 1.76. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion for the quarter, compared to analysts' expectations 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 for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.82 earnings per share. On average, analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was 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 is available through this hyperlink. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Royal Bank of Canada reaffirmed an "underperform" rating and set a $125.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Bank of America lowered D.R. Horton from a "buy" rating to a "neutral" rating and cut their price target for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. Citigroup dropped their price objective on 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. JPMorgan Chase & Co. downgraded D.R. Horton from a "neutral" rating to an "underweight" rating and decreased their target price for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Finally, Keefe, Bruyette & Woods downgraded 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently 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.