DnB Asset Management AS Cuts Position in D.R. Horton, Inc. (NYSE:DHI)

DnB Asset Management AS trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 51,165 shares of the construction company’s stock after selling 494 shares during the period. DnB Asset Management AS’s holdings in D.R. Horton were worth $7,154,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DHI. Golden State Wealth Management LLC purchased a new position in D.R. Horton during the fourth quarter valued at $30,000. Rosenberg Matthew Hamilton increased its holdings in shares of D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after acquiring an additional 165 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of D.R. Horton in the 4th quarter worth about $38,000. Sierra Ocean LLC bought a new position in D.R. Horton in the 4th quarter worth about $43,000. Finally, FSA Wealth Management LLC purchased a new stake in D.R. Horton during the 3rd quarter valued at about $47,000. 90.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the subject of several recent analyst reports. Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. The Goldman Sachs Group lowered their price objective on 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. Bank of America lowered D.R. Horton from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $160.00 to $150.00 in a report on Monday, January 27th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $125.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and an average target price of $170.93.

D.R. Horton Trading Down 3.2 %

D.R. Horton stock opened at $125.87 on Monday. D.R. Horton, Inc. has a 1 year low of $124.23 and a 1 year high of $199.85. The firm’s 50 day moving average price is $132.91 and its 200-day moving average price is $154.80. 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 has a market cap of $39.66 billion, a P/E ratio of 8.90, a PEG ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the previous year, the company earned $2.82 EPS. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.40 per share. 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%.

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.