Mutual of America Capital Management LLC Cuts Stake in D.R. Horton, Inc. (NYSE:DHI)

Mutual of America Capital Management LLC cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 3.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 46,395 shares of the construction company’s stock after selling 1,730 shares during the quarter. Mutual of America Capital Management LLC’s holdings in D.R. Horton were worth $6,487,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DHI. Coastline Trust Co acquired a new position in shares of D.R. Horton during the third quarter valued at approximately $26,000. Rakuten Securities Inc. increased its position in shares of 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 purchasing an additional 117 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in D.R. Horton in the 4th quarter valued at $30,000. FSA Wealth Management LLC purchased a new position in D.R. Horton in the 3rd quarter valued at $47,000. Finally, Ashton Thomas Securities LLC acquired a new stake in D.R. Horton during the 3rd quarter worth $50,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Down 0.9 %

Shares of DHI opened at $125.63 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. The firm has a market cap of $39.59 billion, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The company’s 50-day moving average price is $137.19 and its 200 day moving average price is $162.33. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The firm 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%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.82 EPS. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. D.R. Horton’s payout ratio is presently 11.31%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DHI. The Goldman Sachs Group reduced their target price 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. JMP Securities reissued a “market outperform” rating and issued a $210.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Wells Fargo & Company reduced their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Finally, Royal Bank of Canada restated an “underperform” rating and issued a $125.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average 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.