D.R. Horton, Inc. (NYSE:DHI) Stake Lowered by Assetmark Inc.

Assetmark Inc. trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 457,691 shares of the construction company’s stock after selling 2,423 shares during the period. Assetmark Inc. owned about 0.15% of D.R. Horton worth $63,994,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of D.R. Horton by 46.7% during the 4th quarter. Victory Capital Management Inc. now owns 513,131 shares of the construction company’s stock worth $71,746,000 after purchasing an additional 163,356 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in D.R. Horton by 27.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 1,438 shares of the construction company’s stock worth $201,000 after buying an additional 308 shares during the last quarter. Bahl & Gaynor Inc. raised its position in D.R. Horton by 0.8% during the fourth quarter. Bahl & Gaynor Inc. now owns 114,004 shares of the construction company’s stock valued at $15,940,000 after acquiring an additional 896 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in D.R. Horton by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company’s stock valued at $259,857,000 after acquiring an additional 47,678 shares during the last quarter. Finally, State of Michigan Retirement System lifted its stake in D.R. Horton by 1.5% in the fourth quarter. State of Michigan Retirement System now owns 111,799 shares of the construction company’s stock valued at $15,632,000 after acquiring an additional 1,700 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Up 0.0 %

DHI opened at $125.74 on Wednesday. The business has a 50 day moving average of $136.88 and a 200-day moving average of $161.96. The stock has a market capitalization of $39.62 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 0.54 and a beta of 1.76. 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, Inc. has a 1-year low of $124.23 and a 1-year high of $199.85.

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

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.27%. D.R. Horton’s dividend payout ratio is 11.31%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. The Goldman Sachs Group cut their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. JMP Securities restated a “market outperform” rating and set a $210.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Barclays reduced their price target on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Wedbush reissued a “neutral” rating and set a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. Finally, Wells Fargo & Company reduced their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $170.93.

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.