Parnassus Investments LLC Has $573.05 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Parnassus Investments LLC cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,098,488 shares of the construction company’s stock after selling 207,008 shares during the period. Parnassus Investments LLC owned 1.30% of D.R. Horton worth $573,051,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of DHI. Coastline Trust Co acquired a new position in D.R. Horton during the third quarter valued at approximately $26,000. Golden State Wealth Management LLC acquired a new position in D.R. Horton during the fourth quarter valued at approximately $30,000. Rosenberg Matthew Hamilton boosted its position 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 during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in D.R. Horton during the fourth quarter valued at approximately $38,000. Finally, Sierra Ocean LLC acquired a new position in D.R. Horton during the fourth quarter valued at approximately $43,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $125.19 on Friday. The firm has a market cap of $39.45 billion, a P/E ratio of 8.85, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. 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 1-year low of $124.23 and a 1-year high of $199.85. The business’s 50 day moving average is $135.64 and its 200-day moving average is $159.66.

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

D.R. Horton Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.28%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Analysts Set New Price Targets

DHI has been the subject of several recent research reports. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Wells Fargo & Company cut their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Barclays cut their price objective on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and cut their price objective for the company from $160.00 to $150.00 in a research report on Monday, January 27th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.