Vanguard Group Inc. Cuts Stake in D.R. Horton, Inc. (NYSE:DHI)

Vanguard Group Inc. cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,021,371 shares of the construction company's stock after selling 1,409,138 shares during the quarter. Vanguard Group Inc. owned 10.48% of D.R. Horton worth $4,617,048,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Golden State Equity Partners raised its position in D.R. Horton by 435.6% in the 4th quarter. Golden State Equity Partners now owns 3,899 shares of the construction company's stock worth $545,000 after purchasing an additional 3,171 shares during the period. Toronto Dominion Bank grew its stake in shares of D.R. Horton by 17.3% during the third quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company's stock valued at $20,025,000 after buying an additional 15,460 shares during the last quarter. Pensionfund Sabic increased its holdings in shares of D.R. Horton by 70.2% in the fourth 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 during the period. Benjamin Edwards Inc. lifted its stake in shares of D.R. Horton by 904.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company's stock valued at $7,795,000 after acquiring an additional 36,780 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in D.R. Horton by 10.9% during the 4th quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company's stock valued at $3,923,000 after acquiring an additional 2,767 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DHI has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut D.R. Horton from a "neutral" rating to an "underweight" rating and decreased their price target for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Wedbush reaffirmed a "neutral" rating and issued a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. Royal Bank of Canada reissued an "underperform" rating and set a $125.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. JMP Securities restated a "market outperform" rating and issued a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Finally, StockNews.com raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Saturday, January 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $170.93.

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D.R. Horton Stock Up 1.3 %

DHI stock opened at $130.49 on Tuesday. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week high of $199.85. The company has a market capitalization of $41.12 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The business's 50 day moving average price is $134.26 and its two-hundred day moving average price is $156.43. 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 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 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 prior year, the firm earned $2.82 earnings per share. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. D.R. Horton's dividend payout ratio (DPR) is currently 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.

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