Parnassus Investments LLC Trims Position in D.R. Horton, Inc. $DHI

Parnassus Investments LLC decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 357,953 shares of the construction company’s stock after selling 30,382 shares during the quarter. Parnassus Investments LLC’s holdings in D.R. Horton were worth $51,556,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of DHI. Capital World Investors lifted its stake in shares of D.R. Horton by 159.8% during the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock valued at $5,126,995,000 after buying an additional 18,607,545 shares during the period. Norges Bank purchased a new position in shares of D.R. Horton during the fourth quarter valued at approximately $649,305,000. Capital International Investors purchased a new position in shares of D.R. Horton during the third quarter valued at approximately $395,179,000. Boston Partners purchased a new position in shares of D.R. Horton during the third quarter valued at approximately $274,784,000. Finally, Viking Global Investors LP lifted its stake in shares of D.R. Horton by 108.3% during 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 buying an additional 1,469,978 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DHI shares. Zacks Research raised shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. The Goldman Sachs Group increased their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Weiss Ratings downgraded shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Finally, Barclays increased their price target on shares of D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and a consensus target price of $168.54.

D.R. Horton Price Performance

D.R. Horton stock opened at $153.99 on Friday. D.R. Horton, Inc. has a 52-week low of $119.54 and a 52-week high of $184.54. The firm has a fifty day moving average of $146.59 and a 200-day moving average of $149.86. The firm has a market capitalization of $43.67 billion, a P/E ratio of 14.43, a PEG ratio of 2.06 and a beta of 1.37. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The company had revenue of $7.56 billion during the quarter, compared to analyst estimates of $7.55 billion. During the same quarter in the prior year, the business earned $2.58 earnings per share. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. As a group, analysts predict that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is presently 16.87%.

D.R. Horton 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.