Flputnam Investment Management Co. Has $17.06 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Flputnam Investment Management Co. trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 21.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 121,977 shares of the construction company’s stock after selling 32,873 shares during the period. Flputnam Investment Management Co.’s holdings in D.R. Horton were worth $17,055,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Wealth Group LLC bought a new position in shares of D.R. Horton during the third quarter worth $275,000. Catalyst Financial Partners LLC bought a new stake in shares of D.R. Horton in the third quarter valued at about $216,000. Meitav Investment House Ltd. acquired a new position in shares of D.R. Horton during the third quarter worth about $704,000. US Bancorp DE grew its stake in shares of D.R. Horton by 1.2% during the 3rd quarter. US Bancorp DE now owns 129,660 shares of the construction company’s stock worth $24,735,000 after acquiring an additional 1,599 shares in the last quarter. Finally, Pacific Wealth Strategies Group Inc. increased its stake in D.R. Horton by 14.2% in the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 5,189 shares of the construction company’s stock valued at $990,000 after buying an additional 644 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DHI shares. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Royal Bank of Canada reissued an “underperform” rating and issued a $125.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $188.00 to $156.00 in a report on Friday, December 13th. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Finally, UBS Group reduced their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Performance

Shares of DHI stock opened at $126.59 on Friday. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85. The firm’s 50-day simple moving average is $137.48 and its two-hundred day simple moving average is $162.85. The firm has a market cap of $39.89 billion, a price-to-earnings ratio of 8.95, 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 quick ratio of 1.09 and a current ratio of 6.92.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the previous year, the firm posted $2.82 EPS. D.R. Horton’s revenue was down 1.5% on a year-over-year basis. As a group, equities analysts forecast 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 was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 11.31%.

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.