D.R. Horton, Inc. (NYSE:DHI) Shares Sold by National Pension Service

National Pension Service cut its position in D.R. Horton, Inc. (NYSE:DHI) by 32.1% during the fourth quarter, Holdings Channel reports. The firm owned 753,073 shares of the construction company’s stock after selling 355,630 shares during the period. National Pension Service’s holdings in D.R. Horton were worth $105,295,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of DHI. Covestor Ltd boosted its stake in shares of D.R. Horton by 6.6% in the third quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after buying an additional 66 shares during the last quarter. Insigneo Advisory Services LLC boosted its stake in shares of D.R. Horton by 1.9% in the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock worth $695,000 after buying an additional 67 shares during the last quarter. Demars Financial Group LLC boosted its stake in shares of D.R. Horton by 3.5% in the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock worth $419,000 after buying an additional 74 shares during the last quarter. Private Trust Co. NA boosted its stake 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 buying an additional 78 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of D.R. Horton by 5.5% in the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock worth $229,000 after buying an additional 82 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

NYSE DHI opened at $128.40 on Thursday. The company has a market cap of $40.46 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The stock’s 50 day simple moving average is $137.96 and its 200-day simple moving average is $163.42. D.R. Horton, Inc. has a 1-year low of $124.23 and a 1-year high of $199.85. 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 (NYSE:DHI) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. The business 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 business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.82 earnings per share. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.25%. D.R. Horton’s dividend payout ratio is presently 11.31%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays lowered their target price on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Bank of America downgraded D.R. Horton from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. Wells Fargo & Company lowered their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Citigroup lowered their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, BTIG Research lowered their price target on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $170.93.

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.