QRG Capital Management Inc. Has $35.24 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

QRG Capital Management Inc. decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 252,043 shares of the construction company’s stock after selling 12,138 shares during the quarter. QRG Capital Management Inc. owned approximately 0.08% of D.R. Horton worth $35,241,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Golden State Equity Partners lifted its holdings in 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 valued at $545,000 after purchasing an additional 3,171 shares during the last quarter. KBC Group NV lifted its holdings in D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after purchasing an additional 212,112 shares during the last quarter. Legacy CG LLC acquired a new stake in D.R. Horton during the 3rd quarter valued at $4,220,000. Toronto Dominion Bank lifted its holdings in D.R. Horton by 17.3% during the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock valued at $20,025,000 after purchasing an additional 15,460 shares during the last quarter. Finally, Pensionfund Sabic lifted its holdings in shares of D.R. Horton by 70.2% during the fourth quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock worth $1,356,000 after buying an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $128.40 on Thursday. The business’s 50-day moving average price is $137.96 and its 200-day moving average price is $163.42. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85. The firm has a market capitalization of $40.46 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 0.54 and a beta of 1.76. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

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, beating analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the firm posted $2.82 earnings per share. 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 disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 11.31%.

Analyst Ratings Changes

DHI has been the topic of a number of recent analyst reports. Barclays decreased their price target on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Wells Fargo & Company decreased their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. JMP Securities restated a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. Finally, BTIG Research decreased their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $170.93.

About D.R. Horton

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.