Hartford Investment Management Co. Sells 466 Shares of D.R. Horton, Inc. (NYSE:DHI)

Hartford Investment Management Co. decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,022 shares of the construction company’s stock after selling 466 shares during the period. Hartford Investment Management Co.’s holdings in D.R. Horton were worth $2,520,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mountaineer Partners Management LLC purchased a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $1,853,178,000. FMR LLC boosted its stake in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in shares of D.R. Horton during the 3rd quarter valued at $72,672,000. Nordea Investment Management AB lifted its holdings in shares of D.R. Horton by 112.7% during the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock valued at $57,255,000 after buying an additional 215,947 shares during the period. Finally, KBC Group NV grew its holdings in D.R. Horton by 360.0% in the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after purchasing an additional 212,112 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 2.2 %

D.R. Horton stock opened at $127.77 on Thursday. D.R. Horton, Inc. has a fifty-two week low of $125.84 and a fifty-two 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. The firm has a 50 day moving average price of $143.40 and a 200 day moving average price of $166.97. The company has a market capitalization of $40.26 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion during 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 was down 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.82 EPS. Research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm 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 $0.40 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. D.R. Horton’s dividend payout ratio is presently 11.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DHI shares. JMP Securities reissued a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Citigroup decreased their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. UBS Group reduced their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Wedbush reiterated a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. Finally, Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $170.93.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the business’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 document filed with the SEC, which can be accessed through the SEC website. 0.54% of the stock is currently owned by company insiders.

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.