D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Erste Asset Management GmbH

Erste Asset Management GmbH trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 45.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,640 shares of the construction company’s stock after selling 47,200 shares during the period. Erste Asset Management GmbH’s holdings in D.R. Horton were worth $7,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Coastline Trust Co purchased a new stake in D.R. Horton during the third quarter worth approximately $26,000. Golden State Wealth Management LLC purchased a new stake in shares of D.R. Horton during the 4th quarter worth approximately $30,000. Rosenberg Matthew Hamilton boosted its holdings in shares of D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after buying 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 valued at $38,000. Finally, Sierra Ocean LLC acquired a new stake in D.R. Horton during the 4th quarter worth $43,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DHI has been the topic of several research reports. Wells Fargo & Company dropped their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Citigroup dropped their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Finally, UBS Group dropped their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $170.93.

D.R. Horton Stock Performance

NYSE:DHI opened at $125.19 on Friday. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week high of $199.85. The firm’s fifty day simple moving average is $135.64 and its 200-day simple moving average is $159.66. The stock has a market cap of $39.45 billion, a PE ratio of 8.85, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company posted $2.82 earnings per share. 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 company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.28%. D.R. Horton’s payout ratio is 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.