Gilder Gagnon Howe & Co. LLC Has $5.65 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Gilder Gagnon Howe & Co. LLC lessened its holdings in D.R. Horton, Inc. (NYSE:DHI) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,410 shares of the construction company’s stock after selling 544 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in D.R. Horton were worth $5,650,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DHI. Golden State Equity Partners raised its stake in shares of D.R. Horton by 435.6% in the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock worth $545,000 after purchasing an additional 3,171 shares during the last quarter. Pensionfund Sabic raised its position in D.R. Horton by 70.2% in the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock valued at $1,356,000 after buying an additional 4,000 shares during the last quarter. Park Avenue Securities LLC raised its position in D.R. Horton by 10.9% in the 4th quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company’s stock valued at $3,923,000 after buying an additional 2,767 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in D.R. Horton during the 3rd quarter valued at $713,000. Finally, Park National Corp OH boosted its holdings in D.R. Horton by 8.9% during the 4th quarter. Park National Corp OH now owns 212,815 shares of the construction company’s stock worth $29,756,000 after acquiring an additional 17,441 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $124.69 on Friday. The firm’s 50 day moving average is $125.87 and its 200 day moving average is $144.82. The stock has a market capitalization of $38.30 billion, a P/E ratio of 8.81, a PEG ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. 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 posted its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the previous year, the business earned $3.52 earnings per share. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, May 2nd. D.R. Horton’s dividend payout ratio is presently 12.11%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group dropped their price target on shares of D.R. Horton from $173.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Royal Bank of Canada dropped their target price on shares of D.R. Horton from $125.00 to $105.00 and set an “underperform” rating on the stock in a research report on Monday, April 21st. JMP Securities reduced their target price on D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating for the company in a report on Monday, April 21st. Barclays dropped their price target on D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating on the stock in a report on Monday, April 21st. Finally, UBS Group cut their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $151.15.

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.