D.R. Horton, Inc. $DHI Shares Sold by Assetmark Inc.

Assetmark Inc. cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 19.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 407,258 shares of the construction company’s stock after selling 100,963 shares during the period. Assetmark Inc. owned approximately 0.14% of D.R. Horton worth $69,018,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in D.R. Horton during the second quarter worth $494,278,000. Berkshire Hathaway Inc acquired a new stake in D.R. Horton in the second quarter valued at $191,491,000. Viking Global Investors LP increased its position 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 buying an additional 1,469,978 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of D.R. Horton by 136.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,073,583 shares of the construction company’s stock worth $137,934,000 after buying an additional 619,509 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of D.R. Horton by 5,063.5% during the 3rd quarter. Bessemer Group Inc. now owns 466,780 shares of the construction company’s stock worth $79,105,000 after buying an additional 457,740 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 0.4%

NYSE DHI opened at $164.47 on Friday. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The business has a 50 day moving average price of $152.29 and a two-hundred day moving average price of $156.79. The stock has a market cap of $47.65 billion, a PE ratio of 14.94, a P/E/G ratio of 2.53 and a beta of 1.44.

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

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s payout ratio is currently 16.35%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DHI. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $155.00 price objective (down previously from $180.00) on shares of D.R. Horton in a research note on Tuesday, January 6th. UBS Group set a $163.00 target price on shares of D.R. Horton in a research note on Tuesday, January 27th. Bank of America set a $158.00 price target on D.R. Horton in a research note on Wednesday, January 21st. Zacks Research downgraded D.R. Horton from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Finally, Citizens Jmp reiterated a “market perform” rating on shares of D.R. Horton in a research report on Wednesday, January 7th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $160.29.

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.