Fisher Asset Management LLC Lowers Stock Holdings in D.R. Horton, Inc. $DHI

Fisher Asset Management LLC reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 84.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,810 shares of the construction company’s stock after selling 212,538 shares during the quarter. Fisher Asset Management LLC’s holdings in D.R. Horton were worth $4,875,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Bayforest Capital Ltd boosted its stake in D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock worth $32,000 after buying an additional 194 shares in the last quarter. Accredited Wealth Management LLC purchased a new stake in shares of D.R. Horton in the 1st quarter valued at $34,000. Hantz Financial Services Inc. grew its holdings in shares of D.R. Horton by 1,678.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock valued at $44,000 after purchasing an additional 319 shares during the last quarter. Ransom Advisory Ltd purchased a new position in D.R. Horton in the 1st quarter worth $51,000. Finally, Adirondack Trust Co. lifted its stake in D.R. Horton by 53.2% in the second quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock worth $52,000 after purchasing an additional 141 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Down 2.6%

NYSE DHI opened at $160.73 on Friday. The stock has a market cap of $46.94 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 1.97 and a beta of 1.38. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The stock has a 50 day simple moving average of $153.92 and a two-hundred day simple moving average of $148.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 6.48.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.29 by ($0.25). D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. The business had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.44 billion. During the same period last year, the firm posted $3.92 earnings per share. D.R. Horton’s quarterly revenue was down 3.2% on a year-over-year basis. On average, analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s dividend payout ratio is 15.53%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Weiss Ratings restated a “hold (c)” rating on shares of D.R. Horton in a report on Monday. Royal Bank Of Canada lifted their price target on D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 29th. Keefe, Bruyette & Woods dropped their price objective on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating for the company in a research note on Wednesday, October 29th. Finally, UBS Group raised their target price on shares of D.R. Horton from $187.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $160.15.

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.