Schroder Investment Management Group Sells 69,776 Shares of D.R. Horton, Inc. (NYSE:DHI)

Schroder Investment Management Group reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 35.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 126,494 shares of the construction company’s stock after selling 69,776 shares during the quarter. Schroder Investment Management Group’s holdings in D.R. Horton were worth $17,654,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DHI. Golden State Wealth Management LLC acquired a new position in shares of D.R. Horton during the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in D.R. Horton in the 4th quarter valued at about $38,000. Rosenberg Matthew Hamilton increased its holdings in D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after purchasing an additional 165 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of D.R. Horton in the fourth quarter worth approximately $43,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of D.R. Horton in the fourth quarter valued at approximately $51,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

NYSE:DHI opened at $128.07 on Thursday. The company has a market capitalization of $40.36 billion, a P/E ratio of 9.05, a P/E/G ratio of 0.54 and a beta of 1.80. The business has a fifty day simple moving average of $131.79 and a two-hundred day simple moving average of $153.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a 1 year low of $123.40 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last announced 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 during the quarter, compared to analyst estimates 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 quarter last year, the firm posted $2.82 EPS. On average, analysts expect 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. Investors of record on Friday, February 7th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Friday, February 7th. D.R. Horton’s payout ratio is currently 11.31%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DHI shares. UBS Group decreased their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company lowered their target price on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Barclays dropped their price target on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Finally, Wedbush reissued 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 given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $170.93.

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.