Arrowstreet Capital Limited Partnership Sells 837,327 Shares of D.R. Horton, Inc. (NYSE:DHI)

Arrowstreet Capital Limited Partnership lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 28.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,060,258 shares of the construction company’s stock after selling 837,327 shares during the period. Arrowstreet Capital Limited Partnership owned 0.65% of D.R. Horton worth $288,065,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in DHI. Insigneo Advisory Services LLC boosted its position in D.R. Horton by 1.9% in the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after buying an additional 67 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of D.R. Horton by 5.5% during the 4th quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock valued at $229,000 after acquiring an additional 82 shares in the last quarter. Secure Asset Management LLC grew its position in D.R. Horton by 4.8% during the 4th quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company’s stock worth $257,000 after acquiring an additional 84 shares during the last quarter. Horizon Investments LLC grew its position in D.R. Horton by 1.7% during the 4th quarter. Horizon Investments LLC now owns 5,503 shares of the construction company’s stock worth $767,000 after acquiring an additional 91 shares during the last quarter. Finally, Bfsg LLC increased its holdings in D.R. Horton by 24.4% in the 4th quarter. Bfsg LLC now owns 484 shares of the construction company’s stock worth $68,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DHI. Barclays reduced their price target on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. 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 on the stock in a report on Tuesday, January 14th. Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. UBS Group reduced their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company lowered their target price 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Trading Down 3.2 %

NYSE:DHI opened at $125.87 on Friday. The firm has a fifty day simple moving average of $132.91 and a two-hundred day simple moving average of $155.01. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85. The stock has a market capitalization of $39.66 billion, a price-to-earnings ratio of 8.90, a PEG 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 (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The business had revenue of $7.61 billion during 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%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.82 EPS. Analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.27%. 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.