D.R. Horton, Inc. (NYSE:DHI) Shares Sold by River Global Investors LLP

River Global Investors LLP decreased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 48.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,684 shares of the construction company’s stock after selling 5,322 shares during the quarter. River Global Investors LLP’s holdings in D.R. Horton were worth $795,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Coastline Trust Co purchased a new stake in shares of D.R. Horton during the third quarter valued at $26,000. Rakuten Securities Inc. grew its stake in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of D.R. Horton in the fourth quarter valued at about $30,000. FSA Wealth Management LLC purchased a new position in shares of D.R. Horton in the third quarter worth about $47,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of D.R. Horton during the third quarter worth about $50,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DHI shares. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. JMP Securities reiterated a “market outperform” rating and issued a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. UBS Group decreased their target price on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price target on 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. Finally, JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Down 0.4 %

Shares of NYSE DHI opened at $133.42 on Friday. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85. 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 company’s 50-day simple moving average is $136.37 and its 200-day simple moving average is $161.08. The firm has a market cap of $42.04 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the business earned $2.82 EPS. D.R. Horton’s quarterly revenue was down 1.5% on a year-over-year basis. Equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.20%. D.R. Horton’s payout ratio is currently 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.