HighTower Advisors LLC Cuts Stock Position in D.R. Horton, Inc. $DHI

HighTower Advisors LLC cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 422,850 shares of the construction company’s stock after selling 15,189 shares during the period. HighTower Advisors LLC owned about 0.15% of D.R. Horton worth $60,903,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Capital World Investors increased its stake in D.R. Horton by 159.8% during the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after purchasing an additional 18,607,545 shares during the period. Invesco Ltd. increased its stake in D.R. Horton by 18.1% during the third quarter. Invesco Ltd. now owns 3,372,020 shares of the construction company’s stock worth $571,456,000 after purchasing an additional 517,752 shares during the period. Viking Global Investors LP increased its stake in D.R. Horton by 108.3% during the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after purchasing an additional 1,469,978 shares during the period. Capital International Investors purchased a new stake in D.R. Horton during the third quarter worth about $395,179,000. Finally, Principal Financial Group Inc. increased its stake in D.R. Horton by 12.5% during the third quarter. Principal Financial Group Inc. now owns 2,269,557 shares of the construction company’s stock worth $384,624,000 after purchasing an additional 252,878 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

Shares of DHI opened at $141.72 on Thursday. The stock has a 50 day moving average price of $143.92 and a 200 day moving average price of $149.49. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $40.19 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 1.89 and a beta of 1.41. D.R. Horton, Inc. has a 52-week low of $114.17 and a 52-week high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. The firm had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.58 earnings per share. Research analysts predict that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio is 16.87%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DHI. Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Royal Bank Of Canada boosted their price objective on D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 22nd. Evercore boosted their price objective on D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Finally, Bank of America set a $158.00 price objective on D.R. Horton in a research report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $168.54.

D.R. Horton Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.