Greenhaven Associates Inc. Cuts Position in D.R. Horton, Inc. $DHI

Greenhaven Associates Inc. lowered its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,637,763 shares of the construction company’s stock after selling 43,300 shares during the period. D.R. Horton makes up approximately 9.4% of Greenhaven Associates Inc.’s holdings, making the stock its 5th largest holding. Greenhaven Associates Inc.’s holdings in D.R. Horton were worth $616,492,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of D.R. Horton in the 2nd quarter valued at $494,278,000. Berkshire Hathaway Inc acquired a new stake in D.R. Horton in the second quarter worth $191,491,000. Viking Global Investors LP increased its stake in D.R. Horton by 108.3% in the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after purchasing an additional 1,469,978 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of D.R. Horton by 42.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,827,694 shares of the construction company’s stock valued at $378,628,000 after purchasing an additional 846,085 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of D.R. Horton by 136.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,073,583 shares of the construction company’s stock worth $137,934,000 after purchasing an additional 619,509 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DHI has been the subject of a number of research reports. Citigroup reduced their price objective on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Zacks Research cut D.R. Horton from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. BTIG Research set a $182.00 price target on shares of D.R. Horton in a research note on Wednesday, January 21st. Barclays dropped their price objective on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $195.00 target price on shares of D.R. Horton in a research report on Tuesday, January 13th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $160.50.

D.R. Horton Price Performance

DHI opened at $148.82 on Friday. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The firm has a 50-day moving average of $152.19 and a 200 day moving average of $155.78. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. The firm has a market cap of $43.11 billion, a P/E ratio of 13.52, a PEG ratio of 2.32 and a beta of 1.42.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. The company had revenue of $6.89 billion for the quarter, compared to analysts’ expectations of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. D.R. Horton’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.61 EPS. On average, research analysts expect 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 will be paid on Thursday, February 12th. Investors of record on Thursday, February 5th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio is 16.35%.

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.