Russell Investments Group Ltd. Trims Holdings in D.R. Horton, Inc. (NYSE:DHI)

Russell Investments Group Ltd. decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 610,597 shares of the construction company’s stock after selling 30,395 shares during the quarter. Russell Investments Group Ltd.’s holdings in D.R. Horton were worth $85,370,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of D.R. Horton by 150.1% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 251,942 shares of the construction company’s stock worth $35,227,000 after purchasing an additional 151,188 shares in the last quarter. Oarsman Capital Inc. grew its stake in shares of D.R. Horton by 146.7% during the 4th quarter. Oarsman Capital Inc. now owns 333 shares of the construction company’s stock worth $46,000 after purchasing an additional 198 shares during the period. Resona Asset Management Co. Ltd. purchased a new position in D.R. Horton in the fourth quarter valued at $13,943,000. Lynwood Price Capital Management LP acquired a new stake in D.R. Horton in the fourth quarter valued at approximately $4,894,000. Finally, World Investment Advisors increased its holdings in D.R. Horton by 45.2% in the 4th quarter. World Investment Advisors now owns 4,259 shares of the construction company’s stock worth $596,000 after acquiring an additional 1,326 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of research reports. UBS Group decreased their target price 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. JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $188.00 to $156.00 in a report on Friday, December 13th. Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Wells Fargo & Company lowered their target price on shares of 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, Barclays lowered their target price on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Two equities 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 given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $127.67 on Friday. D.R. Horton, Inc. has a 12 month low of $118.00 and a 12 month high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The stock’s 50 day moving average price is $131.02 and its 200 day moving average price is $152.73. The stock has a market cap of $40.23 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous 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. Equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.25%. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

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.