Natixis Advisors LLC Sells 12,651 Shares of D.R. Horton, Inc. (NYSE:DHI)

Natixis Advisors LLC lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 198,524 shares of the construction company’s stock after selling 12,651 shares during the quarter. Natixis Advisors LLC owned 0.06% of D.R. Horton worth $27,758,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Golden State Equity Partners lifted its position in shares of D.R. Horton by 435.6% during the 4th quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock worth $545,000 after buying an additional 3,171 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of D.R. Horton by 17.3% in the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock worth $20,025,000 after purchasing an additional 15,460 shares during the period. Pensionfund Sabic raised its holdings in shares of D.R. Horton by 70.2% in the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock worth $1,356,000 after purchasing an additional 4,000 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of D.R. Horton by 904.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock worth $7,795,000 after purchasing an additional 36,780 shares during the period. Finally, Park Avenue Securities LLC raised its holdings in shares of D.R. Horton by 10.9% in the 4th quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company’s stock worth $3,923,000 after purchasing an additional 2,767 shares during the period. Institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Citigroup lowered their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average target price of $170.93.

D.R. Horton Stock Up 0.2 %

DHI opened at $127.09 on Tuesday. The company has a fifty day moving average price of $135.14 and a 200-day moving average price of $158.41. The firm has a market capitalization of $40.05 billion, a P/E ratio of 8.98, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating 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 firm had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the business earned $2.82 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research 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 announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.26%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

D.R. Horton 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.