D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC decreased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 13.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,413 shares of the construction company’s stock after selling 694 shares during the quarter. Sawgrass Asset Management LLC’s holdings in D.R. Horton were worth $617,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its position in D.R. Horton by 82.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 263,515 shares of the construction company’s stock worth $36,306,000 after buying an additional 119,392 shares during the last quarter. Leavell Investment Management Inc. grew its position in D.R. Horton by 7.9% during the 4th quarter. Leavell Investment Management Inc. now owns 2,777 shares of the construction company’s stock worth $388,000 after purchasing an additional 204 shares in the last quarter. Shaker Investments LLC OH grew its position in D.R. Horton by 2.9% during the 4th quarter. Shaker Investments LLC OH now owns 14,868 shares of the construction company’s stock worth $2,079,000 after purchasing an additional 413 shares in the last quarter. Collier Financial purchased a new position in D.R. Horton during the 4th quarter worth approximately $56,000. Finally, Core Alternative Capital grew its position in D.R. Horton by 7.9% during the 4th quarter. Core Alternative Capital now owns 41,335 shares of the construction company’s stock worth $5,779,000 after purchasing an additional 3,032 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

NYSE:DHI opened at $127.77 on Thursday. The company has a market cap of $40.26 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 0.58 and a beta of 1.76. The firm’s 50-day moving average is $143.40 and its 200-day moving average is $166.97. D.R. Horton, Inc. has a 52-week low of $125.84 and a 52-week high of $199.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92.

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, beating analysts’ consensus estimates of $2.37 by $0.24. The business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations 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 for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.82 earnings per share. Equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.25%. D.R. Horton’s dividend payout ratio is 11.31%.

Analyst Upgrades and Downgrades

DHI has been the topic of several research analyst reports. Wells Fargo & Company lowered their price objective on shares of 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. Wedbush reissued a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. UBS Group decreased their target price 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. Finally, Citigroup decreased their target price on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $170.93.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

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.