D.R. Horton, Inc. $DHI Stake Reduced by Winnow Wealth LLC

Winnow Wealth LLC reduced its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 90.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 514 shares of the construction company’s stock after selling 5,131 shares during the quarter. Winnow Wealth LLC’s holdings in D.R. Horton were worth $75,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Capital World Investors grew its holdings in D.R. Horton by 22.1% during the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock worth $5,321,849,000 after acquiring an additional 6,695,592 shares during the period. Capital Research Global Investors boosted its position in shares of D.R. Horton by 0.3% during the 4th quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock valued at $669,330,000 after purchasing an additional 13,155 shares in the last quarter. Norges Bank acquired a new position in shares of D.R. Horton in the 4th quarter worth approximately $649,305,000. Invesco Ltd. raised its holdings in shares of D.R. Horton by 18.1% in the 3rd quarter. Invesco Ltd. now owns 3,372,020 shares of the construction company’s stock worth $571,456,000 after purchasing an additional 517,752 shares in the last quarter. Finally, Viking Global Investors LP lifted its stake in D.R. Horton by 108.3% during 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 purchasing an additional 1,469,978 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Trading Up 4.9%

Shares of NYSE DHI opened at $151.28 on Wednesday. The stock has a market cap of $42.90 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 2.02 and a beta of 1.37. D.R. Horton, Inc. has a 52 week low of $119.54 and a 52 week high of $184.54. The business has a 50 day simple moving average of $145.97 and a 200 day simple moving average of $149.74. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. The company had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.58 earnings per share. On average, research analysts predict that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s payout ratio is currently 16.87%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DHI. Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Weiss Ratings lowered D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Barclays lifted their target price on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Finally, Royal Bank Of Canada lifted their price target on D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $168.54.

D.R. Horton Profile

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.