Prudential Financial Inc. Has $21.72 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

Prudential Financial Inc. decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 20.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,338 shares of the construction company’s stock after selling 40,698 shares during the quarter. Prudential Financial Inc.’s holdings in D.R. Horton were worth $21,719,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DHI. Principal Financial Group Inc. increased its stake in shares of D.R. Horton by 7.3% in the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after buying an additional 120,892 shares during the period. Cerity Partners LLC increased its position in D.R. Horton by 30.1% in the 3rd quarter. Cerity Partners LLC now owns 32,429 shares of the construction company’s stock valued at $6,187,000 after acquiring an additional 7,496 shares during the period. Pitcairn Co. raised its stake in shares of D.R. Horton by 5.2% during the third quarter. Pitcairn Co. now owns 2,081 shares of the construction company’s stock valued at $397,000 after acquiring an additional 102 shares during the last quarter. Independent Advisor Alliance raised its stake in shares of D.R. Horton by 30.3% during the third quarter. Independent Advisor Alliance now owns 5,713 shares of the construction company’s stock valued at $1,090,000 after acquiring an additional 1,329 shares during the last quarter. Finally, Dai ichi Life Insurance Company Ltd grew its stake in shares of D.R. Horton by 21.5% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 11,282 shares of the construction company’s stock worth $2,152,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

DHI has been the subject of several analyst reports. Royal Bank of Canada reaffirmed an “underperform” rating and set a $125.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Barclays cut their price objective 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. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Finally, UBS Group reduced their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and an average price target of $170.93.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $129.38 on Thursday. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve month high of $199.85. The stock’s 50 day moving average is $133.67 and its 200-day moving average is $155.84. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $40.77 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned $2.82 earnings per share. Sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 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.