D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 228,894 shares of the construction company’s stock after selling 17,374 shares during the period. Brandywine Global Investment Management LLC owned about 0.07% of D.R. Horton worth $32,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in DHI. Principal Financial Group Inc. grew its holdings in D.R. Horton by 7.3% during the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after acquiring an additional 120,892 shares during the period. Townsquare Capital LLC grew its stake in shares of D.R. Horton by 36.5% during the 3rd quarter. Townsquare Capital LLC now owns 7,698 shares of the construction company’s stock worth $1,469,000 after purchasing an additional 2,057 shares during the period. Glenmede Trust Co. NA increased its holdings in shares of D.R. Horton by 2.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 10,206 shares of the construction company’s stock valued at $1,947,000 after purchasing an additional 262 shares in the last quarter. CreativeOne Wealth LLC lifted its stake in shares of D.R. Horton by 10.5% in the 3rd quarter. CreativeOne Wealth LLC now owns 3,896 shares of the construction company’s stock valued at $743,000 after purchasing an additional 371 shares during the period. Finally, Public Sector Pension Investment Board boosted its holdings in D.R. Horton by 10.8% during the third quarter. Public Sector Pension Investment Board now owns 12,352 shares of the construction company’s stock worth $2,356,000 after buying an additional 1,200 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $125.87 on Monday. 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 business’s 50 day moving average price is $132.91 and its 200 day moving average price is $154.80. The company has a market cap of $39.66 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results 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. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the previous year, the company posted $2.82 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. On average, research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.40 dividend. 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%.

Analyst Ratings Changes

A number of research analysts have weighed in on DHI shares. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Citigroup reduced their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Wells Fargo & Company dropped their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Finally, Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Two investment 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.com, D.R. Horton currently has a consensus rating of “Hold” and an average target price 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.