D.R. Horton, Inc. (NYSE:DHI) Stock Holdings Lessened by Mackenzie Financial Corp

Mackenzie Financial Corp cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 47.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,996 shares of the construction company’s stock after selling 98,618 shares during the quarter. Mackenzie Financial Corp’s holdings in D.R. Horton were worth $16,869,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DHI. Cornercap Investment Counsel Inc. purchased a new position in D.R. Horton in the 4th quarter worth about $245,000. Lecap Asset Management Ltd. purchased a new position in shares of D.R. Horton in the fourth quarter worth approximately $1,901,000. Louisiana State Employees Retirement System purchased a new position in shares of D.R. Horton in the fourth quarter worth approximately $2,766,000. Simplicity Solutions LLC raised its holdings in shares of D.R. Horton by 1.4% during the fourth quarter. Simplicity Solutions LLC now owns 7,367 shares of the construction company’s stock valued at $1,120,000 after acquiring an additional 101 shares during the period. Finally, Graypoint LLC lifted its position in shares of D.R. Horton by 9.5% in the 4th quarter. Graypoint LLC now owns 3,754 shares of the construction company’s stock valued at $570,000 after acquiring an additional 327 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Up 0.1 %

D.R. Horton stock opened at $145.91 on Friday. The company has a current ratio of 6.56, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75. The firm’s fifty day simple moving average is $151.97 and its 200-day simple moving average is $138.42. The company has a market capitalization of $48.42 billion, a P/E ratio of 10.50, a P/E/G ratio of 0.72 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.09 by $0.43. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. During the same period in the prior year, the business posted $2.73 earnings per share. The business’s quarterly revenue was up 14.2% on a year-over-year basis. Sell-side analysts forecast that D.R. Horton, Inc. will post 14.24 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.82%. D.R. Horton’s payout ratio is 8.63%.

Analyst Ratings Changes

Several equities analysts have weighed in on DHI shares. BTIG Research cut their target price on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research note on Tuesday. UBS Group increased their price objective on D.R. Horton from $155.00 to $192.00 in a research note on Monday, January 22nd. The Goldman Sachs Group raised their price objective on D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Keefe, Bruyette & Woods dropped their target price on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a report on Wednesday, January 24th. Finally, Citigroup raised their price target on shares of D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of “Moderate Buy” and an average price target of $154.00.

Insider Buying and Selling

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares in the company, valued at $120,862,005.93. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the transaction, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,197 shares of company stock worth $4,225,745. 1.74% of the stock is currently owned by insiders.

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.