D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 89.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,787 shares of the construction company’s stock after selling 38,949 shares during the period. Wellington Management Group LLP’s holdings in D.R. Horton were worth $669,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DHI. Norges Bank acquired a new position in D.R. Horton during the 4th quarter valued at approximately $593,363,000. Raymond James Financial Inc. acquired a new position in shares of D.R. Horton during the fourth quarter valued at $98,720,000. Amundi grew its position in shares of D.R. Horton by 69.1% during the fourth quarter. Amundi now owns 1,358,213 shares of the construction company’s stock worth $190,014,000 after acquiring an additional 555,122 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of D.R. Horton by 22,199.7% in the 4th quarter. Proficio Capital Partners LLC now owns 262,914 shares of the construction company’s stock worth $36,761,000 after acquiring an additional 261,735 shares during the period. Finally, Nordea Investment Management AB grew its holdings in D.R. Horton by 112.7% in the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock worth $57,255,000 after buying an additional 215,947 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DHI. UBS Group lowered their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Bank of America downgraded D.R. Horton from a “buy” rating to a “neutral” rating and cut their price objective for the company from $160.00 to $150.00 in a research report on Monday, January 27th. Barclays reduced their price objective on shares of D.R. Horton from $145.00 to $120.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Citigroup cut their target price on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $168.07.

D.R. Horton Stock Performance

Shares of DHI opened at $120.90 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The company’s fifty day moving average price is $127.32 and its 200 day moving average price is $148.65. The company has a market capitalization of $38.10 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.82 EPS. As a group, analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. D.R. Horton’s payout ratio is currently 11.31%.

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.