SRN Advisors LLC Sells 982 Shares of D.R. Horton, Inc. (NYSE:DHI)

SRN Advisors LLC trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 16.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,133 shares of the construction company’s stock after selling 982 shares during the period. SRN Advisors LLC’s holdings in D.R. Horton were worth $718,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Sitrin Capital Management LLC increased its position in D.R. Horton by 0.5% in the fourth quarter. Sitrin Capital Management LLC now owns 32,782 shares of the construction company’s stock worth $4,584,000 after purchasing an additional 173 shares during the period. Lake Street Advisors Group LLC boosted its stake in shares of D.R. Horton by 1.1% in the 4th quarter. Lake Street Advisors Group LLC now owns 9,940 shares of the construction company’s stock valued at $1,390,000 after purchasing an additional 111 shares during the last quarter. Impax Asset Management Group plc grew its position in shares of D.R. Horton by 9.4% during the 4th quarter. Impax Asset Management Group plc now owns 24,428 shares of the construction company’s stock worth $3,416,000 after buying an additional 2,097 shares during the period. GHE LLC raised its stake in shares of D.R. Horton by 6.5% during the fourth quarter. GHE LLC now owns 21,364 shares of the construction company’s stock worth $2,987,000 after buying an additional 1,300 shares during the last quarter. Finally, Rothschild Investment LLC lifted its holdings in D.R. Horton by 3.2% in the fourth quarter. Rothschild Investment LLC now owns 3,206 shares of the construction company’s stock valued at $448,000 after buying an additional 100 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on DHI. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Royal Bank of Canada restated an “underperform” rating and set a $125.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, BTIG Research lowered their price target on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and an average target price of $170.93.

D.R. Horton Stock Down 2.8 %

D.R. Horton stock opened at $128.40 on Thursday. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve month high of $199.85. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $137.96 and a 200-day moving average of $163.42. The stock has a market capitalization of $40.46 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76.

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

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Friday, February 7th. 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.