Sei Investments Co. Reduces Position in D.R. Horton, Inc. (NYSE:DHI)

Sei Investments Co. trimmed its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 653,845 shares of the construction company's stock after selling 52,103 shares during the period. Sei Investments Co. owned approximately 0.21% of D.R. Horton worth $91,422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Insigneo Advisory Services LLC lifted its stake in 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 acquiring an additional 67 shares in the last quarter. Private Trust Co. NA lifted its position in shares of D.R. Horton by 1.0% in the third quarter. Private Trust Co. NA now owns 7,620 shares of the construction company's stock worth $1,454,000 after purchasing an additional 78 shares in the last quarter. Allworth Financial LP boosted its holdings in D.R. Horton by 5.5% during the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company's stock worth $229,000 after purchasing an additional 82 shares during the last quarter. Secure Asset Management LLC boosted its holdings in D.R. Horton by 4.8% during the fourth quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company's stock worth $257,000 after purchasing an additional 84 shares during the last quarter. Finally, Horizon Investments LLC grew its position in D.R. Horton by 1.7% in the fourth quarter. Horizon Investments LLC now owns 5,503 shares of the construction company's stock valued at $767,000 after purchasing an additional 91 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DHI shares. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. The Goldman Sachs Group lowered their price target on 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. Wedbush reiterated a "neutral" rating and set a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Citigroup decreased their target price on shares of 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. Finally, Wells Fargo & Company dropped their price target on shares of D.R. Horton from $190.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, D.R. Horton currently has a consensus rating of "Hold" and an average target price of $170.93.

D.R. Horton Trading Down 0.6 %

Shares of NYSE:DHI traded down $0.80 during midday trading on Tuesday, hitting $129.55. 2,559,527 shares of the stock traded hands, compared to its average volume of 2,691,779. 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 business's 50 day moving average is $134.26 and its two-hundred day moving average is $156.43. The stock has a market capitalization of $40.82 billion, a PE ratio of 9.16, a P/E/G ratio of 0.54 and a beta of 1.80. 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 posted its quarterly earnings results 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 the consensus estimate 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 quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.82 EPS. As a group, research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's 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.