D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 2.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,728,789 shares of the construction company’s stock after selling 49,131 shares during the quarter. Principal Financial Group Inc. owned 0.55% of D.R. Horton worth $241,719,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DHI. Coastline Trust Co acquired a new position in shares of D.R. Horton during the 3rd quarter worth approximately $26,000. Golden State Wealth Management LLC purchased a new stake in D.R. Horton in the 4th quarter worth $30,000. Rakuten Securities Inc. raised its position in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after acquiring an additional 117 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after purchasing an additional 165 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at about $43,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Buying and Selling at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.54% of the company’s stock.

D.R. Horton Trading Up 1.0 %

Shares of DHI stock opened at $130.63 on Tuesday. 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, Inc. has a twelve month low of $125.84 and a twelve month high of $199.85. The company’s 50-day moving average price is $141.56 and its 200-day moving average price is $165.91. The stock has a market cap of $41.16 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 0.58 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. D.R. Horton’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.82 EPS. As a group, equities analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.22%. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

Wall Street Analysts Forecast Growth

DHI has been the subject of several research analyst reports. The Goldman Sachs Group reduced their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Barclays decreased their target price 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. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. JMP Securities reissued a “market outperform” rating and issued a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, Bank of America cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $170.93.

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.