Studio Investment Management LLC Sells 470 Shares of D.R. Horton, Inc. (NYSE:DHI)

Studio Investment Management LLC decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,414 shares of the construction company’s stock after selling 470 shares during the quarter. Studio Investment Management LLC’s holdings in D.R. Horton were worth $3,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC raised its holdings in D.R. Horton by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company’s stock valued at $1,009,077,000 after acquiring an additional 127,606 shares during the period. Norges Bank bought a new stake in D.R. Horton during the 4th quarter valued at $593,363,000. Franklin Resources Inc. raised its holdings 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 valued at $499,774,000 after acquiring an additional 1,490,648 shares during the period. Dimensional Fund Advisors LP raised its holdings in D.R. Horton by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company’s stock valued at $485,984,000 after acquiring an additional 72,161 shares during the period. Finally, Northern Trust Corp raised its holdings in D.R. Horton by 15.8% during the 4th quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company’s stock valued at $471,899,000 after acquiring an additional 460,804 shares during the period. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

DHI stock opened at $125.68 on Friday. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. The company 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 firm has a 50-day moving average of $124.52 and a 200 day moving average of $138.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

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 analysts’ consensus estimates of $2.69 by ($0.11). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the prior year, the business posted $3.52 EPS. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton’s payout ratio is 12.11%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DHI. The Goldman Sachs Group reduced their price target on shares of D.R. Horton from $173.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price target on shares of D.R. Horton from $132.00 to $111.00 and set an “underweight” rating for the company in a research report on Monday, April 21st. Wells Fargo & Company reduced their price target on shares of D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Royal Bank of Canada reduced their price target on shares of D.R. Horton from $125.00 to $105.00 and set an “underperform” rating for the company in a research report on Monday, April 21st. Finally, JMP Securities reduced their price target on shares of D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating for the company in a research report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $151.15.

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.