New York Life Investment Management LLC Sells 744 Shares of D.R. Horton, Inc. (NYSE:DHI)

New York Life Investment Management LLC cut its holdings in D.R. Horton, Inc. (NYSE:DHI) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,861 shares of the construction company’s stock after selling 744 shares during the period. New York Life Investment Management LLC’s holdings in D.R. Horton were worth $6,514,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in DHI. Los Angeles Capital Management LLC grew its position in D.R. Horton by 390.6% during the third quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock worth $79,884,000 after buying an additional 591,787 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in D.R. Horton by 21.7% during the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock valued at $412,503,000 after purchasing an additional 484,058 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in D.R. Horton by 1,357.4% during the third quarter. Acadian Asset Management LLC now owns 490,043 shares of the construction company’s stock valued at $52,652,000 after purchasing an additional 456,419 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in D.R. Horton by 150.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 571,051 shares of the construction company’s stock valued at $61,371,000 after purchasing an additional 342,884 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in D.R. Horton during the third quarter valued at approximately $36,657,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of DHI stock opened at $145.46 on Friday. The stock has a market capitalization of $47.90 billion, a P/E ratio of 9.90, a PEG ratio of 0.71 and a beta of 1.66. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $152.04 and its 200 day moving average is $141.17. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $165.75.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. D.R. Horton’s revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.73 EPS. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 14.31 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.82%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s dividend payout ratio is presently 8.17%.

Analyst Ratings Changes

A number of research firms have weighed in on DHI. UBS Group lifted their price objective on D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 19th. Seaport Res Ptn downgraded D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Wedbush reissued an “underperform” rating and issued a $130.00 target price on shares of D.R. Horton in a report on Thursday, April 18th. Royal Bank of Canada reduced their target price on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a report on Friday, April 19th. Finally, BTIG Research reduced their target price on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.06.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the sale, the director now directly owns 5,650 shares in the company, valued at approximately $838,799. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the sale, the director now directly owns 5,650 shares in the company, valued at approximately $838,799. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the sale, the director now owns 5,650 shares in the company, valued at approximately $844,053.50. The disclosure for this sale can be found here. Insiders have sold 25,812 shares of company stock worth $4,029,217 in the last three months. 1.74% of the stock is currently owned by corporate insiders.

About D.R. Horton

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.