Aviva PLC Sells 155,883 Shares of D.R. Horton, Inc. (NYSE:DHI)

Aviva PLC decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 46.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 176,933 shares of the construction company’s stock after selling 155,883 shares during the quarter. Aviva PLC’s holdings in D.R. Horton were worth $24,739,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DHI. Insigneo Advisory Services LLC lifted its stake in shares of D.R. Horton by 1.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after buying an additional 67 shares in the last quarter. Allworth Financial LP raised its holdings in D.R. Horton by 5.5% during the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock valued at $229,000 after acquiring an additional 82 shares during the period. Nemes Rush Group LLC lifted its position in shares of D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after acquiring an additional 82 shares in the last quarter. Secure Asset Management LLC boosted its stake in shares of D.R. Horton by 4.8% in the fourth quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company’s stock worth $257,000 after acquiring an additional 84 shares during the period. Finally, Horizon Investments LLC boosted its stake in shares of D.R. Horton by 1.7% in the fourth quarter. Horizon Investments LLC now owns 5,503 shares of the construction company’s stock worth $767,000 after acquiring an additional 91 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on DHI. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $188.00 to $156.00 in a research note on Friday, December 13th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Finally, Barclays reduced their target price on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, D.R. Horton has an average rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Performance

NYSE DHI opened at $127.67 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton, Inc. has a fifty-two week low of $118.00 and a fifty-two week high of $199.85. The company has a market cap of $40.23 billion, a P/E ratio of 9.02, a P/E/G ratio of 0.54 and a beta of 1.61. The business’s 50 day moving average price is $131.02 and its 200-day moving average price is $152.44.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results 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. The firm 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%. D.R. Horton’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company earned $2.82 EPS. Sell-side analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.25%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

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.