Renaissance Technologies LLC cut its holdings in D.R. Horton, Inc. (NYSE:DHI – Free Report) by 57.9% during the first quarter, Holdings Channel reports. The institutional investor owned 279,538 shares of the construction company’s stock after selling 384,000 shares during the quarter. Renaissance Technologies LLC’s holdings in D.R. Horton were worth $38,358,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the business. Capital World Investors lifted its holdings in D.R. Horton by 22.1% in the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after acquiring an additional 6,695,592 shares during the period. Norges Bank purchased a new position in shares of D.R. Horton in the 4th quarter valued at about $649,305,000. Boston Partners purchased a new position in shares of D.R. Horton in the 3rd quarter valued at about $274,784,000. Viking Global Investors LP lifted its stake in shares of D.R. Horton by 108.3% in the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after purchasing an additional 1,469,978 shares during the period. Finally, Pictet Asset Management Holding SA lifted its stake in shares of D.R. Horton by 216.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,126,005 shares of the construction company’s stock valued at $162,186,000 after purchasing an additional 770,521 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. UBS Group upped their target price on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. BTIG Research set a $184.00 price target on D.R. Horton in a research note on Wednesday, July 22nd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Finally, Keefe, Bruyette & Woods reduced their price objective on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $168.17.
D.R. Horton Trading Up 0.4%
Shares of D.R. Horton stock opened at $147.40 on Tuesday. D.R. Horton, Inc. has a 1 year low of $131.75 and a 1 year high of $184.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The business has a 50 day moving average price of $151.04 and a 200 day moving average price of $150.42. The company has a market capitalization of $41.23 billion, a P/E ratio of 14.02, a P/E/G ratio of 2.31 and a beta of 1.36.
D.R. Horton (NYSE:DHI – Get Free Report) last announced its earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.18. The firm had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.D.R. Horton’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.36 EPS. Sell-side analysts anticipate that D.R. Horton, Inc. will post 10.54 EPS for the current fiscal year.
D.R. Horton Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, August 6th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is presently 17.13%.
About D.R. Horton
D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.
Founded in 1978 by Donald R.
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