TD Asset Management Inc Sells 369,675 Shares of D.R. Horton, Inc. $DHI

TD Asset Management Inc lessened its stake in D.R. Horton, Inc. (NYSE:DHI) by 41.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 523,551 shares of the construction company’s stock after selling 369,675 shares during the period. TD Asset Management Inc owned about 0.18% of D.R. Horton worth $75,407,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Intellectus Partners LLC bought a new position in D.R. Horton during the 4th quarter valued at approximately $1,026,000. Sivia Capital Partners LLC raised its position in D.R. Horton by 173.6% during the 4th quarter. Sivia Capital Partners LLC now owns 8,264 shares of the construction company’s stock valued at $1,190,000 after purchasing an additional 5,243 shares during the last quarter. Lido Advisors LLC raised its position in D.R. Horton by 3.2% during the 4th quarter. Lido Advisors LLC now owns 35,642 shares of the construction company’s stock valued at $5,134,000 after purchasing an additional 1,117 shares during the last quarter. CIBC Asset Management Inc raised its position in D.R. Horton by 60.5% during the 4th quarter. CIBC Asset Management Inc now owns 66,126 shares of the construction company’s stock valued at $9,524,000 after purchasing an additional 24,923 shares during the last quarter. Finally, Marble Wealth LLC bought a new position in D.R. Horton during the 4th quarter valued at approximately $605,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 0.4%

DHI stock opened at $145.85 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. The company has a market capitalization of $41.36 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 2.05 and a beta of 1.37. The business’s 50 day moving average price is $145.46 and its two-hundred day moving average price is $149.52. D.R. Horton, Inc. has a fifty-two week low of $119.54 and a fifty-two week high of $184.54.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion for the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.58 EPS. As a group, analysts forecast that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were paid a $0.45 dividend. The ex-dividend date was Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is presently 16.87%.

Analysts Set New Price Targets

DHI has been the subject of a number of recent analyst reports. Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Royal Bank Of Canada upped their target price on D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a report on Wednesday, April 22nd. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Wells Fargo & Company upped their target price on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group upped their target price on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $168.54.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.