Northwest & Ethical Investments L.P. Trims Position in D.R. Horton, Inc. (NYSE:DHI)

Northwest & Ethical Investments L.P. lowered its holdings in D.R. Horton, Inc. (NYSE:DHI) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,075 shares of the construction company’s stock after selling 175 shares during the period. Northwest & Ethical Investments L.P.’s holdings in D.R. Horton were worth $290,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DHI. Blueshift Asset Management LLC boosted its stake in D.R. Horton by 280.0% in the 4th quarter. Blueshift Asset Management LLC now owns 4,138 shares of the construction company’s stock worth $579,000 after buying an additional 3,049 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of D.R. Horton by 62.2% during the 4th quarter. Teacher Retirement System of Texas now owns 159,976 shares of the construction company’s stock valued at $22,368,000 after acquiring an additional 61,376 shares during the last quarter. Sandy Spring Bank lifted its holdings in shares of D.R. Horton by 4.6% during the 4th quarter. Sandy Spring Bank now owns 14,086 shares of the construction company’s stock worth $1,969,000 after acquiring an additional 619 shares during the period. Royal London Asset Management Ltd. boosted its position in shares of D.R. Horton by 7.7% in the fourth quarter. Royal London Asset Management Ltd. now owns 136,120 shares of the construction company’s stock worth $19,032,000 after acquiring an additional 9,722 shares during the last quarter. Finally, Investment House LLC grew its holdings in D.R. Horton by 109.6% in the fourth quarter. Investment House LLC now owns 50,846 shares of the construction company’s stock valued at $7,109,000 after purchasing an additional 26,582 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DHI shares. JMP Securities reiterated a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Wells Fargo & Company cut their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Royal Bank of Canada reissued an “underperform” rating and set a $125.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. Wedbush restated a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. Finally, Bank of America lowered D.R. Horton from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Trading Down 1.8 %

DHI opened at $128.77 on Friday. The firm’s 50 day moving average is $134.42 and its 200-day moving average is $157.00. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $40.58 billion, a P/E 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 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.82 EPS. Analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued 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 1.24%. D.R. Horton’s dividend payout ratio is presently 11.31%.

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.