D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 37.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,835 shares of the construction company’s stock after selling 4,655 shares during the quarter. Plato Investment Management Ltd’s holdings in D.R. Horton were worth $1,099,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in D.R. Horton in the fourth quarter valued at approximately $214,000. Jones Financial Companies Lllp grew its position in D.R. Horton by 35.3% in the fourth quarter. Jones Financial Companies Lllp now owns 9,535 shares of the construction company’s stock valued at $1,333,000 after acquiring an additional 2,487 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in D.R. Horton in the fourth quarter valued at approximately $38,000. Smartleaf Asset Management LLC grew its position in D.R. Horton by 14.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,333 shares of the construction company’s stock valued at $465,000 after acquiring an additional 425 shares in the last quarter. Finally, Hickory Point Bank & Trust acquired a new stake in D.R. Horton in the fourth quarter valued at approximately $289,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI opened at $125.63 on Tuesday. The business’s fifty day moving average price is $137.19 and its 200 day moving average price is $162.33. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The stock has a market capitalization of $39.59 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $7.12 billion. During the same period last year, the business posted $2.82 earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio is presently 11.31%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DHI. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Barclays reduced their target price on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Wells Fargo & Company reduced their target price on 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, The Goldman Sachs Group reduced their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, D.R. Horton presently has an average rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Company 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.