Vanguard Group Inc. Sells 1,409,138 Shares of D.R. Horton, Inc. (NYSE:DHI)

Vanguard Group Inc. cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 about 0.10% of D.R. Horton worth $4,617,048,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Golden State Wealth Management LLC purchased a new position in D.R. Horton in the fourth quarter worth about $30,000. FSA Wealth Management LLC bought a new position in D.R. Horton in the 3rd quarter valued at approximately $47,000. Kohmann Bosshard Financial Services LLC purchased a new stake in D.R. Horton during the 4th quarter valued at $38,000. Rosenberg Matthew Hamilton increased its holdings in shares of D.R. Horton by 152.8% in 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. Finally, Sierra Ocean LLC purchased a new position in shares of D.R. Horton in the fourth quarter worth $43,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DHI shares. Wells Fargo & Company dropped their price objective 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. JMP Securities reaffirmed a “market outperform” rating and set a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Finally, Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Performance

Shares of DHI opened at $130.49 on Tuesday. The business has a 50-day simple moving average of $134.26 and a two-hundred day simple moving average of $156.43. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85. The stock has a market cap of $41.12 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 0.54 and a beta of 1.80.

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

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.23%. D.R. Horton’s payout ratio is 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.