D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 37.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,835 shares of the construction company’s stock after selling 4,655 shares during the period. Plato Investment Management Ltd’s holdings in D.R. Horton were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new position in shares of D.R. Horton during the fourth quarter valued at $214,000. Jones Financial Companies Lllp increased its holdings in shares of D.R. Horton by 35.3% during the fourth quarter. Jones Financial Companies Lllp now owns 9,535 shares of the construction company’s stock valued at $1,333,000 after purchasing an additional 2,487 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of D.R. Horton during the fourth quarter valued at $38,000. Smartleaf Asset Management LLC increased its holdings in shares of D.R. Horton by 14.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,333 shares of the construction company’s stock valued at $465,000 after purchasing an additional 425 shares during the period. Finally, Hickory Point Bank & Trust acquired a new position in shares of D.R. Horton during the fourth quarter valued at $289,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wedbush reissued a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. Barclays lowered their price target on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Citigroup lowered their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and set a $210.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, Bank of America lowered D.R. Horton from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $160.00 to $150.00 in a report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Trading Down 0.9 %

NYSE:DHI opened at $125.63 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 1-year low of $124.23 and a 1-year high of $199.85. The firm has a market capitalization of $39.59 billion, a price-to-earnings ratio of 8.88, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The stock has a fifty day simple moving average of $137.19 and a 200 day simple moving average of $162.33.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the company posted $2.82 EPS. D.R. Horton’s revenue for the quarter was down 1.5% on a year-over-year basis. Sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. D.R. Horton’s payout ratio is presently 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.