D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,075 shares of the construction company’s stock after selling 175 shares during the period. Northwest & Ethical Investments L.P.’s holdings in D.R. Horton were worth $290,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Blueshift Asset Management LLC raised its stake in shares of D.R. Horton by 280.0% during the fourth quarter. Blueshift Asset Management LLC now owns 4,138 shares of the construction company’s stock worth $579,000 after purchasing an additional 3,049 shares during the last quarter. Teacher Retirement System of Texas increased its stake in D.R. Horton by 62.2% in the 4th quarter. Teacher Retirement System of Texas now owns 159,976 shares of the construction company’s stock valued at $22,368,000 after buying an additional 61,376 shares during the period. Sandy Spring Bank raised its position in D.R. Horton by 4.6% during the 4th quarter. Sandy Spring Bank now owns 14,086 shares of the construction company’s stock worth $1,969,000 after buying an additional 619 shares during the last quarter. Royal London Asset Management Ltd. lifted its stake in shares of D.R. Horton by 7.7% in the 4th quarter. Royal London Asset Management Ltd. now owns 136,120 shares of the construction company’s stock worth $19,032,000 after acquiring an additional 9,722 shares during the period. Finally, Investment House LLC boosted its holdings in shares of D.R. Horton by 109.6% in the fourth quarter. Investment House LLC now owns 50,846 shares of the construction company’s stock valued at $7,109,000 after acquiring an additional 26,582 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DHI has been the subject of several analyst reports. Wells Fargo & Company cut their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Wedbush reissued a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. JMP Securities restated a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Finally, StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Performance

Shares of DHI opened at $128.77 on Friday. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The stock has a market cap of $40.58 billion, a P/E ratio of 9.10, a PEG ratio of 0.54 and a beta of 1.80. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $134.42 and a two-hundred day moving average of $157.00.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.82 EPS. As a group, research analysts predict 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. Investors of record on Friday, February 7th were given 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 presently 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.