Eaton Vance Management Lowers Position in D.R. Horton, Inc. (NYSE:DHI)

Eaton Vance Management lessened its position in D.R. Horton, Inc. (NYSE:DHI) by 35.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 694,379 shares of the construction company’s stock after selling 386,496 shares during the quarter. Eaton Vance Management owned approximately 0.19% of D.R. Horton worth $47,856,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RWM Asset Management LLC purchased a new position in shares of D.R. Horton in the 4th quarter valued at approximately $34,000. RMR Wealth Builders purchased a new position in shares of D.R. Horton in the 4th quarter valued at approximately $41,000. Regent Peak Wealth Advisors LLC purchased a new position in shares of D.R. Horton in the 4th quarter valued at approximately $55,000. Annapolis Financial Services LLC purchased a new position in shares of D.R. Horton in the 4th quarter valued at approximately $62,000. Finally, Planned Solutions Inc. purchased a new position in shares of D.R. Horton in the 4th quarter valued at approximately $67,000. Institutional investors own 82.15% of the company’s stock.

In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction dated Monday, March 15th. The stock was sold at an average price of $82.90, for a total transaction of $37,222.10. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at $468,385. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 4,000 shares of the business’s stock in a transaction dated Thursday, January 28th. The shares were sold at an average price of $74.52, for a total value of $298,080.00. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $421,038. The disclosure for this sale can be found here. Insiders sold 18,419 shares of company stock valued at $1,499,876 in the last ninety days. 0.46% of the stock is currently owned by corporate insiders.

Shares of DHI opened at $92.17 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.70 and a quick ratio of 1.82. D.R. Horton, Inc. has a one year low of $36.79 and a one year high of $94.20. The firm has a market capitalization of $33.52 billion, a P/E ratio of 14.36, a PEG ratio of 0.67 and a beta of 1.70. The business has a fifty day moving average of $82.74 and a 200 day moving average of $75.81.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Monday, January 25th. The construction company reported $2.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.42. D.R. Horton had a return on equity of 20.67% and a net margin of 11.69%. The company had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. D.R. Horton’s revenue was up 47.6% compared to the same quarter last year. Analysts expect that D.R. Horton, Inc. will post 8.02 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 25th. Investors of record on Wednesday, February 17th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Tuesday, February 16th. D.R. Horton’s payout ratio is currently 12.99%.

A number of research analysts have recently commented on DHI shares. JPMorgan Chase & Co. upgraded D.R. Horton from a “neutral” rating to an “overweight” rating in a research note on Wednesday, March 17th. Janney Montgomery Scott began coverage on D.R. Horton in a research note on Thursday, January 21st. They set a “neutral” rating for the company. Royal Bank of Canada lifted their price objective on D.R. Horton from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Wednesday, January 27th. Barclays lifted their price objective on D.R. Horton from $81.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, December 18th. Finally, Credit Suisse Group lifted their price objective on D.R. Horton from $88.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, January 27th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. D.R. Horton presently has a consensus rating of “Buy” and a consensus price target of $85.95.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 29 states and 88 markets under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, and Freedom Homes.

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

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