D.R. Horton, Inc. $DHI Stock Holdings Lessened by New England Research & Management Inc.

New England Research & Management Inc. lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 48.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,400 shares of the construction company’s stock after selling 4,175 shares during the period. New England Research & Management Inc.’s holdings in D.R. Horton were worth $634,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DHI. Capital World Investors raised its position in shares of D.R. Horton by 159.8% during the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after purchasing an additional 18,607,545 shares during the period. State Street Corp boosted its position in shares of D.R. Horton by 0.7% in the 2nd quarter. State Street Corp now owns 12,636,264 shares of the construction company’s stock valued at $1,629,067,000 after purchasing an additional 92,219 shares during the period. Norges Bank acquired a new position in shares of D.R. Horton in the 2nd quarter valued at $494,278,000. Invesco Ltd. increased its stake in D.R. Horton by 18.1% in the 3rd quarter. Invesco Ltd. now owns 3,372,020 shares of the construction company’s stock worth $571,456,000 after purchasing an additional 517,752 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in D.R. Horton by 16.4% during the 2nd quarter. Franklin Resources Inc. now owns 3,200,176 shares of the construction company’s stock worth $412,567,000 after buying an additional 450,362 shares during the period. 90.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the sale, the senior vice president owned 6,457 shares in the company, valued at $1,081,870.35. This represents a 3.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.66% of the company’s stock.

D.R. Horton Stock Down 3.7%

Shares of D.R. Horton stock opened at $132.91 on Friday. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The company has a market cap of $38.51 billion, a P/E ratio of 12.07, a P/E/G ratio of 2.06 and a beta of 1.43. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $154.10 and a 200 day moving average price of $155.39.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.05. The company had revenue of $6.89 billion for the quarter, compared to analysts’ expectations of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The business’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.61 EPS. As a group, analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.4%. The ex-dividend date was Thursday, February 5th. D.R. Horton’s dividend payout ratio is currently 16.35%.

Analyst Ratings Changes

DHI has been the subject of a number of analyst reports. Zacks Research lowered shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Evercore lifted their target price on shares of D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 21st. Barclays cut their price target on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 21st. UBS Group restated a “buy” rating on shares of D.R. Horton in a research report on Thursday, March 12th. Finally, Keefe, Bruyette & Woods reaffirmed a “reduce” rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $159.93.

D.R. Horton Profile

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.