Sawgrass Asset Management LLC Has $617,000 Stake in D.R. Horton, Inc. (NYSE:DHI)

Sawgrass Asset Management LLC trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 13.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,413 shares of the construction company’s stock after selling 694 shares during the period. Sawgrass Asset Management LLC’s holdings in D.R. Horton were worth $617,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Mountaineer Partners Management LLC acquired a new position in shares of D.R. Horton during the third quarter worth approximately $1,853,178,000. FMR LLC lifted its holdings in D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after buying an additional 2,442,581 shares during the period. Geode Capital Management LLC lifted its holdings in D.R. Horton by 0.3% in the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock valued at $1,351,435,000 after buying an additional 21,073 shares during the period. Smead Capital Management Inc. lifted its holdings in D.R. Horton by 3.5% in the third quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock valued at $480,106,000 after buying an additional 84,835 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in D.R. Horton by 7.3% in the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after buying an additional 120,892 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Stock Down 2.2 %

D.R. Horton stock opened at $127.77 on Thursday. The company has a market cap of $40.26 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76. D.R. Horton, Inc. has a 1-year low of $125.84 and a 1-year high of $199.85. The company has a fifty day simple moving average of $143.40 and a 200 day simple moving average of $166.97. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.82 earnings per share. Research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be 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 of this dividend is Friday, February 7th. D.R. Horton’s dividend payout ratio is presently 11.31%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. 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. Bank of America downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and lowered their target price for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Citigroup lowered 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, BTIG Research lowered their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.