Knightsbridge Asset Management LLC Sells 1,630 Shares of D.R. Horton, Inc. (NYSE:DHI)

Knightsbridge Asset Management LLC cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 3.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 44,185 shares of the construction company’s stock after selling 1,630 shares during the period. D.R. Horton makes up approximately 1.4% of Knightsbridge Asset Management LLC’s holdings, making the stock its 24th largest holding. Knightsbridge Asset Management LLC’s holdings in D.R. Horton were worth $6,178,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DHI. Nebula Research & Development LLC raised its stake in shares of D.R. Horton by 480.1% in the fourth quarter. Nebula Research & Development LLC now owns 6,259 shares of the construction company’s stock valued at $875,000 after acquiring an additional 5,180 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of D.R. Horton by 1.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 416,202 shares of the construction company’s stock worth $58,194,000 after buying an additional 4,570 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in D.R. Horton by 34.0% in the fourth quarter. Hsbc Holdings PLC now owns 1,136,720 shares of the construction company’s stock valued at $159,031,000 after buying an additional 288,605 shares during the period. Stifel Financial Corp lifted its stake in shares of D.R. Horton by 6.2% in the 4th quarter. Stifel Financial Corp now owns 118,340 shares of the construction company’s stock valued at $16,547,000 after purchasing an additional 6,943 shares during the period. Finally, Voss Capital LP bought a new position in shares of D.R. Horton in the 4th quarter worth $8,389,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DHI. StockNews.com lowered D.R. Horton from a “hold” rating to a “sell” rating in a research report on Tuesday. Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. UBS Group dropped their price target on 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. Royal Bank of Canada reduced their price target on D.R. Horton from $125.00 to $105.00 and set an “underperform” rating for the company in a research report on Monday. Finally, Barclays decreased their target price on shares of D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating for the company in a research report on Monday. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $151.15.

D.R. Horton Trading Up 1.0 %

NYSE:DHI opened at $126.06 on Friday. The firm has a market cap of $39.72 billion, a P/E ratio of 8.91, a P/E/G ratio of 0.54 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The firm’s fifty day moving average is $125.97 and its 200-day moving average is $145.52.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). The business had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same quarter in the previous year, the company earned $3.52 EPS. Equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.40 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. D.R. Horton’s dividend payout ratio (DPR) is presently 12.11%.

D.R. Horton Company 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.