Sei Investments Co. Has $91.42 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Sei Investments Co. reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 653,845 shares of the construction company’s stock after selling 52,103 shares during the quarter. Sei Investments Co. owned about 0.21% of D.R. Horton worth $91,422,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DHI. Principal Financial Group Inc. raised its stake in D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after buying an additional 120,892 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in D.R. Horton during the 3rd quarter worth approximately $1,746,000. Citizens Financial Group Inc. RI raised its stake in shares of D.R. Horton by 1.6% in the third quarter. Citizens Financial Group Inc. RI now owns 8,006 shares of the construction company’s stock worth $1,527,000 after purchasing an additional 126 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of D.R. Horton by 153.4% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,979 shares of the construction company’s stock worth $17,547,000 after purchasing an additional 55,687 shares during the last quarter. Finally, Navellier & Associates Inc. purchased a new stake in shares of D.R. Horton in the third quarter worth approximately $210,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $128.77 on Friday. The stock has a fifty day simple moving average of $134.42 and a two-hundred day simple moving average of $157.00. 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 cap of $40.58 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share 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 business had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the company earned $2.82 earnings per share. D.R. Horton’s revenue was down 1.5% compared to the same quarter last year. Analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.24%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

Wall Street Analyst Weigh In

Several analysts have recently commented on DHI shares. JMP Securities reissued a “market outperform” rating and issued a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Wedbush reissued a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Wells Fargo & Company lowered their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $188.00 to $156.00 in a report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $170.93.

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.