Harvest Fund Management Co. Ltd Has $152,000 Holdings in D.R. Horton, Inc. (NYSE:DHI)

Harvest Fund Management Co. Ltd trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 79.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,088 shares of the construction company’s stock after selling 4,263 shares during the period. Harvest Fund Management Co. Ltd’s holdings in D.R. Horton were worth $152,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in shares of D.R. Horton during the fourth quarter worth approximately $30,000. FSA Wealth Management LLC acquired a new position in shares of D.R. Horton during the third quarter worth approximately $47,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of D.R. Horton during the fourth quarter worth approximately $38,000. Rosenberg Matthew Hamilton lifted its position in shares of D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after purchasing an additional 165 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new position in shares of D.R. Horton during the fourth quarter worth approximately $43,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Bank of America downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. UBS Group dropped their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Finally, Wedbush reissued a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued 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 an average price target of $170.93.

D.R. Horton Stock Down 1.8 %

Shares of DHI stock opened at $128.77 on Friday. The firm has a fifty day moving average of $134.42 and a 200-day moving average of $157.00. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The company has a market capitalization of $40.58 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the firm earned $2.82 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. As a group, equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio is 11.31%.

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.