National Pension Service Cuts Position in D.R. Horton, Inc. (NYSE:DHI)

National Pension Service lessened its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 32.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 753,073 shares of the construction company’s stock after selling 355,630 shares during the quarter. National Pension Service owned about 0.24% of D.R. Horton worth $105,295,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Coastline Trust Co bought a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $26,000. Golden State Wealth Management LLC bought a new stake in shares of D.R. Horton during the 4th quarter worth approximately $30,000. Rakuten Securities Inc. lifted its stake in shares of D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after acquiring an additional 117 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after buying an additional 165 shares during the period. Finally, Sierra Ocean LLC purchased a new stake in shares of D.R. Horton in the 4th quarter worth $43,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 2.8 %

Shares of NYSE:DHI opened at $128.40 on Thursday. The business’s 50-day moving average is $137.96 and its 200 day moving average is $163.42. D.R. Horton, Inc. has a 1 year low of $124.23 and a 1 year high of $199.85. The firm has a market capitalization of $40.46 billion, a P/E ratio of 9.07, a P/E/G ratio of 0.54 and a beta of 1.76. 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 announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the company posted $2.82 EPS. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.40 dividend. 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 is presently 11.31%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DHI shares. Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $160.00 to $150.00 in a report on Monday, January 27th. JMP Securities restated a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. The Goldman Sachs Group decreased their price objective on 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. Royal Bank of Canada restated an “underperform” rating and set a $125.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, BTIG Research decreased their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $170.93.

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.