Applied Finance Capital Management LLC Has $29.09 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

Applied Finance Capital Management LLC trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI) by 20.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 208,048 shares of the construction company’s stock after selling 53,609 shares during the period. Applied Finance Capital Management LLC owned 0.07% of D.R. Horton worth $29,089,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DHI. Nemes Rush Group LLC lifted its holdings in D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after purchasing an additional 82 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of D.R. Horton during the 4th quarter worth about $30,000. Rosenberg Matthew Hamilton grew its stake in 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 during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in D.R. Horton in the 4th quarter valued at about $38,000. Finally, Sierra Ocean LLC bought a new position in D.R. Horton in the 4th quarter valued at about $43,000. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DHI shares. Seaport Res Ptn raised D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. UBS Group decreased their price objective 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. Barclays dropped their target price on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Royal Bank of Canada restated an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, Wedbush reiterated a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Trading Down 5.6 %

Shares of DHI stock opened at $120.69 on Tuesday. D.R. Horton, Inc. has a fifty-two week low of $118.00 and a fifty-two week high of $199.85. The stock’s fifty day moving average price is $130.49 and its two-hundred day moving average price is $151.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The company has a market cap of $38.03 billion, a PE ratio of 8.53, a P/E/G ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data 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 business 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%. D.R. Horton’s revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $2.82 earnings per share. Equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal 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 annualized dividend and a yield of 1.33%. The ex-dividend date was Friday, February 7th. 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.