Marshall Wace LLP Sells 1,274,900 Shares of D.R. Horton, Inc. (NYSE:DHI)

Marshall Wace LLP reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 66.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 652,032 shares of the construction company’s stock after selling 1,274,900 shares during the period. Marshall Wace LLP owned 0.21% of D.R. Horton worth $91,167,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DHI. Nemes Rush Group LLC grew its position in D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after buying an additional 82 shares during the period. Golden State Wealth Management LLC purchased a new position in D.R. Horton in the fourth quarter valued at about $30,000. Rosenberg Matthew Hamilton grew its position in shares of D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after acquiring an additional 165 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of D.R. Horton during the 4th quarter worth approximately $38,000. Finally, Sierra Ocean LLC bought a new stake in shares of D.R. Horton in the 4th quarter worth approximately $43,000. 90.63% of the stock is owned by institutional investors.

D.R. Horton Trading Down 1.8 %

NYSE DHI opened at $117.64 on Thursday. The firm has a market cap of $37.07 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The stock has a 50-day moving average of $126.77 and a 200-day moving average of $148.24. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

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

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Friday, February 7th. D.R. Horton’s payout ratio is 11.31%.

Analysts Set New Price Targets

DHI has been the topic of several research reports. Wedbush restated a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. Seaport Res Ptn upgraded D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. The Goldman Sachs Group cut their target price on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. 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. Finally, StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, D.R. Horton has an average rating of “Hold” and a consensus target price of $165.50.

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.