MassMutual Private Wealth & Trust FSB Sells 217 Shares of D.R. Horton, Inc. (NYSE:DHI)

MassMutual Private Wealth & Trust FSB lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 17.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,021 shares of the construction company’s stock after selling 217 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in D.R. Horton were worth $130,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DHI. Norges Bank bought a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $593,363,000. Franklin Resources Inc. increased its position in shares of D.R. Horton by 71.5% during the fourth 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 in the last quarter. Two Sigma Investments LP increased its position in shares of D.R. Horton by 1,838.0% during the fourth quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company’s stock valued at $122,712,000 after acquiring an additional 832,358 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $98,720,000. Finally, Renaissance Technologies LLC increased its position in shares of D.R. Horton by 676.4% during the fourth quarter. Renaissance Technologies LLC now owns 756,538 shares of the construction company’s stock valued at $105,779,000 after acquiring an additional 659,100 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $117.95 on Monday. The firm has a fifty day moving average price of $122.76 and a 200-day moving average price of $135.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The stock has a market cap of $36.23 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85.

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

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.36%. D.R. Horton’s dividend payout ratio (DPR) is presently 12.11%.

Analysts Set New Price Targets

DHI has been the subject of a number of research analyst reports. Royal Bank of Canada cut their target price 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. JMP Securities cut their target price 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. The Goldman Sachs Group cut their target price 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. Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Finally, BTIG Research cut their target price on shares of D.R. Horton from $171.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $151.15.

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.