D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. lessened its holdings in D.R. Horton, Inc. (NYSE:DHI) by 43.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,091 shares of the construction company’s stock after selling 13,726 shares during the period. Phoenix Financial Ltd.’s holdings in D.R. Horton were worth $2,530,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in D.R. Horton in the fourth quarter valued at about $593,363,000. Franklin Resources Inc. lifted its holdings in shares of D.R. Horton by 71.5% in the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company’s stock worth $499,774,000 after acquiring an additional 1,490,648 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of D.R. Horton during the 4th quarter worth approximately $98,720,000. Renaissance Technologies LLC increased its holdings in D.R. Horton by 676.4% in the 4th quarter. Renaissance Technologies LLC now owns 756,538 shares of the construction company’s stock valued at $105,779,000 after purchasing an additional 659,100 shares during the last quarter. Finally, Amundi increased its holdings in D.R. Horton by 69.1% in the 4th 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. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays lowered their price target on D.R. Horton from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Tuesday. 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. UBS Group cut their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group lowered their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $169.14.

D.R. Horton Stock Down 2.6 %

D.R. Horton stock opened at $118.03 on Friday. The stock’s fifty day moving average is $128.08 and its two-hundred day moving average is $149.88. The stock has a market cap of $37.19 billion, a PE ratio of 8.34, a P/E/G ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

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 firm had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. 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 earned $2.82 earnings per share. On average, sell-side analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) 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.