Desjardins Global Asset Management Inc. Lowers Position in D.R. Horton, Inc. (NYSE:DHI)

Desjardins Global Asset Management Inc. decreased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 18.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,770 shares of the construction company’s stock after selling 830 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in D.R. Horton were worth $573,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DHI. Moneta Group Investment Advisors LLC boosted its holdings in shares of D.R. Horton by 101,707.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,368,566 shares of the construction company’s stock valued at $389,414,000 after purchasing an additional 4,364,275 shares during the last quarter. Norges Bank bought a new position in D.R. Horton during the fourth quarter valued at approximately $247,001,000. Invesco Ltd. grew its holdings in D.R. Horton by 17.0% during the 1st quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock valued at $355,538,000 after buying an additional 694,155 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in D.R. Horton by 390.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock worth $79,884,000 after acquiring an additional 591,787 shares during the last quarter. Finally, Penn Capital Management Company LLC purchased a new stake in shares of D.R. Horton during the 1st quarter worth approximately $48,142,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

D.R. Horton stock opened at $145.74 on Thursday. The company has a 50 day moving average price of $151.94 and a 200-day moving average price of $138.37. The company has a market capitalization of $48.36 billion, a PE ratio of 10.48, a P/E/G ratio of 0.72 and a beta of 1.64. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $165.75. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 23rd. The construction company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.06). The firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. D.R. Horton’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.76 EPS. As a group, equities analysts forecast that D.R. Horton, Inc. will post 14.24 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.82%. D.R. Horton’s payout ratio is presently 8.63%.

Insider Activity

In related news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares in the company, valued at $120,862,005.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the transaction, the director now owns 5,650 shares of the company’s stock, valued at $844,053.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,197 shares of company stock worth $4,225,745. Corporate insiders own 1.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Raymond James boosted their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Barclays increased their price target on shares of D.R. Horton from $166.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. The Goldman Sachs Group boosted their price objective on D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Wedbush lowered D.R. Horton from a “neutral” rating to an “underperform” rating and set a $130.00 price objective for the company. in a research note on Tuesday, April 2nd. Finally, Keefe, Bruyette & Woods cut their target price on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.00.

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.