Van ECK Associates Corp Cuts Stake in D.R. Horton, Inc. (NYSE:DHI)

Van ECK Associates Corp lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,291 shares of the construction company’s stock after selling 993 shares during the period. Van ECK Associates Corp’s holdings in D.R. Horton were worth $7,871,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in D.R. Horton by 82.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 263,515 shares of the construction company’s stock worth $36,306,000 after acquiring an additional 119,392 shares in the last quarter. Leavell Investment Management Inc. lifted its holdings in shares of D.R. Horton by 7.9% during the fourth quarter. Leavell Investment Management Inc. now owns 2,777 shares of the construction company’s stock worth $388,000 after purchasing an additional 204 shares during the period. Shaker Investments LLC OH lifted its holdings in shares of D.R. Horton by 2.9% during the fourth quarter. Shaker Investments LLC OH now owns 14,868 shares of the construction company’s stock worth $2,079,000 after purchasing an additional 413 shares during the period. Collier Financial purchased a new position in D.R. Horton during the fourth quarter valued at approximately $56,000. Finally, Core Alternative Capital raised its position in D.R. Horton by 7.9% during the fourth quarter. Core Alternative Capital now owns 41,335 shares of the construction company’s stock valued at $5,779,000 after acquiring an additional 3,032 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Activity at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on DHI. Barclays reduced their price objective on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Royal Bank of Canada reiterated an “underperform” rating and set a $125.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Bank of America lowered D.R. Horton from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Finally, UBS Group reduced their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Stock Performance

NYSE:DHI opened at $130.63 on Tuesday. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $41.16 billion, a P/E ratio of 9.23, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76. The firm has a 50 day moving average of $141.56 and a 200-day moving average of $165.91. D.R. Horton, Inc. has a 1 year low of $125.84 and a 1 year high of $199.85.

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

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.22%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

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.