Manhattan West Asset Management LLC Sells 172 Shares of D.R. Horton, Inc. (NYSE:DHI)

Manhattan West Asset Management LLC trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 23,849 shares of the construction company’s stock after selling 172 shares during the quarter. Manhattan West Asset Management LLC’s holdings in D.R. Horton were worth $3,335,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Nemes Rush Group LLC lifted its position in D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after purchasing an additional 82 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of D.R. Horton in the 4th quarter valued at approximately $30,000. Rosenberg Matthew Hamilton lifted its holdings in shares of D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after acquiring an additional 165 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of D.R. Horton during the 4th quarter worth approximately $38,000. Finally, Sierra Ocean LLC bought a new position in D.R. Horton in the fourth quarter valued at approximately $43,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Seaport Res Ptn upgraded D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. 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 on the stock in a research note on Tuesday, January 14th. Bank of America cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $160.00 to $150.00 in a research report on Monday, January 27th. Finally, Wedbush reaffirmed a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $169.14.

D.R. Horton Stock Up 1.6 %

D.R. Horton stock opened at $119.74 on Friday. The firm has a 50 day moving average price of $127.68 and a two-hundred day moving average price of $149.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The firm has a market cap of $37.73 billion, a price-to-earnings ratio of 8.46, a PEG 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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion for 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 business’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.82 EPS. Equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s payout ratio is 11.31%.

D.R. Horton 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.