Great Lakes Advisors LLC Cuts Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Great Lakes Advisors LLC lessened its stake in D.R. Horton, Inc. (NYSE:DHI) by 5.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 11,186 shares of the construction company’s stock after selling 631 shares during the quarter. Great Lakes Advisors LLC’s holdings in D.R. Horton were worth $1,564,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mountaineer Partners Management LLC purchased a new stake in D.R. Horton in the 3rd quarter worth $1,853,178,000. FMR LLC boosted its stake in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares during the last quarter. Geode Capital Management LLC boosted its stake in D.R. Horton by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after purchasing an additional 21,073 shares during the last quarter. Smead Capital Management Inc. boosted its stake in D.R. Horton by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock worth $480,106,000 after purchasing an additional 84,835 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in D.R. Horton by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company’s stock worth $259,857,000 after purchasing an additional 47,678 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 1.2 %

Shares of NYSE:DHI opened at $126.78 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The firm has a market capitalization of $39.95 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The firm’s 50-day moving average is $135.38 and its two-hundred day moving average is $159.03. D.R. Horton, Inc. has a 1 year low of $124.23 and a 1 year high of $199.85.

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. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the firm earned $2.82 earnings per share. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced 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. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. D.R. Horton’s payout ratio is 11.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wedbush reaffirmed a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. Bank of America cut shares of 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. Citigroup lowered their price target on shares of 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. Barclays lowered 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. Finally, The Goldman Sachs Group lowered their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.