Kennedy Capital Management LLC Has $6.20 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Kennedy Capital Management LLC cut its holdings in D.R. Horton, Inc. (NYSE:DHI) by 4.5% during the fourth quarter, HoldingsChannel reports. The firm owned 44,371 shares of the construction company’s stock after selling 2,076 shares during the period. Kennedy Capital Management LLC’s holdings in D.R. Horton were worth $6,204,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Nemes Rush Group LLC increased its position in D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after buying an additional 82 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $30,000. Rosenberg Matthew Hamilton grew its stake in shares of D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after acquiring an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in D.R. Horton during the fourth quarter worth $38,000. Finally, Sierra Ocean LLC acquired a new position in D.R. Horton during the 4th quarter valued at $43,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on DHI shares. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Royal Bank of Canada reissued an “underperform” rating and set a $125.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Barclays lowered their price target on D.R. Horton from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Wells Fargo & Company reduced their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Finally, JMP Securities restated a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $169.14.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $119.74 on Friday. 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 business’s fifty day moving average price is $127.68 and its two-hundred day moving average price is $149.41. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The stock has a market capitalization of $37.73 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. The business 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 quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.82 EPS. As a group, analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s 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.