Intech Investment Management LLC Has $5.05 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Intech Investment Management LLC reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 66.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,145 shares of the construction company’s stock after selling 72,244 shares during the period. Intech Investment Management LLC’s holdings in D.R. Horton were worth $5,054,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Generali Asset Management SPA SGR bought a new stake in shares of D.R. Horton during the 4th quarter worth $2,205,000. Horizon Investments LLC boosted its holdings in shares of D.R. Horton by 1.7% during the 4th quarter. Horizon Investments LLC now owns 5,503 shares of the construction company’s stock worth $767,000 after buying an additional 91 shares during the period. Curio Wealth LLC bought a new stake in shares of D.R. Horton during the 4th quarter worth $112,000. Cibc World Markets Corp boosted its holdings in shares of D.R. Horton by 15.1% during the 4th quarter. Cibc World Markets Corp now owns 46,066 shares of the construction company’s stock worth $6,441,000 after buying an additional 6,060 shares during the period. Finally, Glenview Trust co boosted its holdings in shares of D.R. Horton by 69.9% during the 4th quarter. Glenview Trust co now owns 10,184 shares of the construction company’s stock worth $1,424,000 after buying an additional 4,191 shares during the period. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on DHI shares. UBS Group decreased their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company reduced their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. The Goldman Sachs Group reduced their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, 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. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $170.93.

D.R. Horton Price Performance

NYSE:DHI opened at $127.85 on Wednesday. The company has a 50-day moving average of $134.94 and a 200-day moving average of $157.98. The company has a market capitalization of $40.29 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 52 week low of $124.23 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 released 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 firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned $2.82 EPS. As a group, 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 company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

D.R. Horton Company 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.