Stamos Capital Partners L.P. Trims Position in D.R. Horton, Inc. (NYSE:DHI)

Stamos Capital Partners L.P. lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHIFree Report) by 52.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,280 shares of the construction company’s stock after selling 3,590 shares during the quarter. Stamos Capital Partners L.P.’s holdings in D.R. Horton were worth $498,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in DHI. Norges Bank purchased a new position in D.R. Horton during the 4th quarter valued at about $516,530,000. Pacer Advisors Inc. grew its holdings in D.R. Horton by 21.7% during the 4th quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock valued at $412,503,000 after buying an additional 484,058 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of D.R. Horton by 1,357.4% during the third quarter. Acadian Asset Management LLC now owns 490,043 shares of the construction company’s stock worth $52,652,000 after purchasing an additional 456,419 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in shares of D.R. Horton by 1,719.1% during the fourth quarter. Panagora Asset Management Inc. now owns 429,445 shares of the construction company’s stock worth $65,267,000 after purchasing an additional 405,838 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of D.R. Horton by 150.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 571,051 shares of the construction company’s stock worth $61,371,000 after purchasing an additional 342,884 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $838,799. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Michael R. Buchanan sold 2,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the sale, the director now directly owns 1,703 shares of the company’s stock, valued at $256,642.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Barbara K. Allen sold 363 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at $838,799. The disclosure for this sale can be found here. Insiders sold a total of 27,812 shares of company stock worth $4,330,617 over the last quarter. 1.74% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DHI. Jefferies Financial Group boosted their price objective on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Barclays cut their price objective on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Keefe, Bruyette & Woods boosted their price objective on D.R. Horton from $172.00 to $178.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Wedbush reissued an “underperform” rating and set a $130.00 price objective on shares of D.R. Horton in a report on Thursday, April 18th. Finally, BTIG Research dropped their target price on D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $158.31.

Read Our Latest Research Report on D.R. Horton

D.R. Horton Trading Down 2.4 %

DHI stock traded down $3.48 during midday trading on Friday, hitting $140.22. The company had a trading volume of 2,866,258 shares, compared to its average volume of 2,047,164. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $165.75. The stock’s 50 day moving average price is $148.31 and its 200 day moving average price is $147.35. The stock has a market cap of $46.18 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 0.71 and a beta of 1.68.

D.R. Horton (NYSE:DHIGet Free Report) last announced its earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.73 earnings per share. As a group, equities research analysts expect that D.R. Horton, Inc. will post 14.26 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, May 2nd were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.86%. D.R. Horton’s dividend payout ratio is presently 8.17%.

D.R. Horton Profile

(Free Report)

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.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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