D.R. Horton, Inc. (NYSE:DHI) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 14.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,246 shares of the construction company’s stock after selling 5,386 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in D.R. Horton were worth $4,509,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Nemes Rush Group LLC boosted its holdings in D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after buying an additional 82 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in D.R. Horton in the 4th quarter worth about $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of D.R. Horton during the 4th quarter worth approximately $38,000. Sierra Ocean LLC acquired a new position in shares of D.R. Horton during the 4th quarter worth approximately $43,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of D.R. Horton during the 4th quarter worth approximately $43,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Up 1.9%

Shares of NYSE DHI opened at $125.68 on Monday. The firm has a market cap of $38.60 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 0.54 and a beta of 1.45. 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 52-week low of $110.44 and a 52-week high of $199.85. The business’s 50 day moving average is $124.52 and its two-hundred day moving average is $138.51.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). The firm had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same period in the previous year, the firm earned $3.52 EPS. Research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton’s dividend payout ratio is currently 12.11%.

Analyst Upgrades and Downgrades

DHI has been the topic of several recent research reports. Royal Bank of Canada lowered their target price on D.R. Horton from $125.00 to $105.00 and set an “underperform” rating on the stock in a report on Monday, April 21st. BTIG Research lowered their target price on D.R. Horton from $171.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Wells Fargo & Company lowered their target price on D.R. Horton from $175.00 to $160.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Keefe, Bruyette & Woods lowered their target price on D.R. Horton from $165.00 to $135.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. Finally, StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $151.15.

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.