D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 9.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 253,016 shares of the construction company’s stock after selling 26,637 shares during the period. Baird Financial Group Inc.’s holdings in D.R. Horton were worth $35,377,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Geode Capital Management LLC increased its stake in D.R. Horton by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company’s stock worth $1,009,077,000 after acquiring an additional 127,606 shares during the last quarter. Norges Bank purchased a new stake in shares of D.R. Horton during the 4th quarter worth about $593,363,000. Franklin Resources Inc. increased its position in D.R. Horton by 71.5% during the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company’s stock worth $499,774,000 after purchasing an additional 1,490,648 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in D.R. Horton by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company’s stock valued at $485,984,000 after buying an additional 72,161 shares during the period. Finally, Northern Trust Corp lifted its position in D.R. Horton by 15.8% during the fourth quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company’s stock valued at $471,899,000 after buying an additional 460,804 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DHI has been the topic of a number of research reports. Citigroup cut their target price on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Seaport Res Ptn raised D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. StockNews.com downgraded D.R. Horton from a “hold” rating to a “sell” rating in a research report on Thursday, May 1st. JMP Securities dropped their target price on D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating on the stock in a report on Monday, April 21st. Finally, Royal Bank of Canada decreased their price target on D.R. Horton from $125.00 to $105.00 and set an “underperform” rating for the company in a report on Monday, April 21st. 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 given a strong buy rating to the stock. According to MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus target price of $151.15.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $125.67 on Tuesday. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. The firm has a market cap of $38.60 billion, a P/E ratio of 8.88, a PEG ratio of 0.54 and a beta of 1.45. The stock has a fifty day moving average price of $125.60 and a two-hundred day moving average price of $141.88. 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 (NYSE:DHI) last announced its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing the consensus estimate of $2.69 by ($0.11). The firm 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 period in the prior year, the business earned $3.52 EPS. Research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be issued a $0.40 dividend. The ex-dividend date of this dividend 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 payout ratio is currently 12.11%.

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.