D.R. Horton, Inc. (NYSE:DHI) Stock Position Cut by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 113,918 shares of the construction company’s stock after selling 3,398 shares during the quarter. Asset Management One Co. Ltd.’s holdings in D.R. Horton were worth $15,980,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in DHI. Avestar Capital LLC increased its stake in shares of D.R. Horton by 37.2% during the fourth quarter. Avestar Capital LLC now owns 1,648 shares of the construction company’s stock valued at $230,000 after acquiring an additional 447 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of D.R. Horton by 82.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 263,515 shares of the construction company’s stock valued at $36,306,000 after purchasing an additional 119,392 shares during the period. Leavell Investment Management Inc. raised its stake in shares of D.R. Horton by 7.9% in the 4th quarter. Leavell Investment Management Inc. now owns 2,777 shares of the construction company’s stock worth $388,000 after buying an additional 204 shares in the last quarter. Shaker Investments LLC OH lifted its holdings in shares of D.R. Horton by 2.9% in the fourth quarter. Shaker Investments LLC OH now owns 14,868 shares of the construction company’s stock valued at $2,079,000 after buying an additional 413 shares during the period. Finally, Collier Financial bought a new position in D.R. Horton during the fourth quarter valued at about $56,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Price Performance

Shares of DHI opened at $130.63 on Friday. The business’s 50-day moving average is $141.56 and its 200-day moving average is $166.11. 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 company has a market capitalization of $41.16 billion, a price-to-earnings ratio of 9.23, a P/E/G ratio of 0.58 and a beta of 1.76. D.R. Horton, Inc. has a fifty-two week low of $125.84 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI) last released its 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 during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the firm earned $2.82 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. Equities research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.22%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

Wall Street Analyst Weigh In

Several brokerages have commented on DHI. Citigroup dropped 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. Evercore ISI dropped their target price on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Wedbush restated a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. BTIG Research dropped their price target on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, D.R. Horton has an average rating of “Hold” and an average price target of $170.93.

Insiders Place Their Bets

In related news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.54% of the company’s stock.

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.