Barclays PLC Trims Position in D.R. Horton, Inc. (NYSE:DHI)

Barclays PLC lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.3% during the fourth quarter, Holdings Channel reports. The fund owned 570,756 shares of the construction company’s stock after selling 72,447 shares during the quarter. Barclays PLC’s holdings in D.R. Horton were worth $79,802,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DHI. Geode Capital Management LLC grew its holdings in D.R. Horton by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company’s stock valued at $1,009,077,000 after purchasing an additional 127,606 shares during the period. Norges Bank acquired a new stake in shares of D.R. Horton during the 4th quarter worth $593,363,000. Franklin Resources Inc. raised its position in shares of D.R. Horton by 71.5% in the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company’s stock worth $499,774,000 after buying an additional 1,490,648 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in D.R. Horton by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company’s stock valued at $259,857,000 after acquiring an additional 47,678 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in D.R. Horton by 7.3% during the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after acquiring an additional 120,892 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on DHI. Citigroup cut their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. The Goldman Sachs Group reduced their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Barclays reduced their target price on shares of D.R. Horton from $145.00 to $120.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company lowered their price target on D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a report on Monday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $165.50.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $117.64 on Thursday. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The business has a 50 day moving average price of $126.77 and a two-hundred day moving average price of $148.24. The firm has a market cap of $37.07 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI) last issued its quarterly 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 net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the firm earned $2.82 earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. Sell-side analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. D.R. Horton’s payout ratio is 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.