Korea Investment CORP Sells 95,789 Shares of D.R. Horton, Inc. (NYSE:DHI)

Korea Investment CORP decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 28.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 246,398 shares of the construction company’s stock after selling 95,789 shares during the period. Korea Investment CORP’s holdings in D.R. Horton were worth $34,451,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DHI. Mountaineer Partners Management LLC bought a new stake in shares of D.R. Horton during the 3rd quarter valued at $1,853,178,000. Raymond James Financial Inc. bought a new stake in D.R. Horton in the fourth quarter valued at about $98,720,000. Amundi increased its holdings in D.R. Horton by 69.1% in the fourth quarter. Amundi now owns 1,358,213 shares of the construction company’s stock valued at $190,014,000 after purchasing an additional 555,122 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in D.R. Horton in the third quarter valued at about $72,672,000. Finally, Proficio Capital Partners LLC boosted its holdings in D.R. Horton by 22,199.7% during the fourth quarter. Proficio Capital Partners LLC now owns 262,914 shares of the construction company’s stock worth $36,761,000 after buying an additional 261,735 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DHI. Barclays cut their price target on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Royal Bank of Canada reiterated an “underperform” rating and issued a $125.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. JMP Securities reissued a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Bank of America downgraded D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Price Performance

NYSE DHI opened at $125.87 on Friday. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The firm’s 50 day moving average is $132.91 and its 200-day moving average is $155.24. The company has a market capitalization of $39.66 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. 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 (NYSE:DHI) last posted 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 company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.82 EPS. Equities research 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 business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. D.R. Horton’s dividend payout ratio is 11.31%.

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.