Franklin Resources Inc. Decreases Stake in D.R. Horton, Inc. $DHI

Franklin Resources Inc. lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 14.6% in the fourth quarter, Holdings Channel reports. The firm owned 2,552,629 shares of the construction company’s stock after selling 436,621 shares during the period. Franklin Resources Inc.’s holdings in D.R. Horton were worth $367,655,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DHI. Deseret Mutual Benefit Administrators increased its position in shares of D.R. Horton by 11.0% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock worth $103,000 after acquiring an additional 71 shares in the last quarter. AMG National Trust Bank raised its stake in shares of D.R. Horton by 0.7% in the 4th quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock valued at $1,570,000 after acquiring an additional 74 shares during the period. AdvisorShares Investments LLC lifted its holdings in shares of D.R. Horton by 2.4% during the 4th quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock valued at $480,000 after acquiring an additional 77 shares in the last quarter. Caitlin John LLC boosted its position in D.R. Horton by 3.4% during the 3rd quarter. Caitlin John LLC now owns 2,426 shares of the construction company’s stock worth $411,000 after purchasing an additional 79 shares during the period. Finally, Studio Investment Management LLC boosted its position in D.R. Horton by 0.3% during the 4th quarter. Studio Investment Management LLC now owns 23,083 shares of the construction company’s stock worth $3,325,000 after purchasing an additional 79 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DHI has been the topic of several research reports. The Goldman Sachs Group raised their price objective on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Citigroup upped their price target on D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Finally, Weiss Ratings lowered shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $168.54.

D.R. Horton Stock Down 0.8%

Shares of D.R. Horton stock opened at $144.41 on Tuesday. D.R. Horton, Inc. has a 1-year low of $119.54 and a 1-year high of $184.54. The company has a market capitalization of $40.95 billion, a PE ratio of 13.53, a P/E/G ratio of 2.04 and a beta of 1.38. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The business has a 50-day moving average of $145.63 and a 200-day moving average of $149.65.

D.R. Horton (NYSE:DHI) last issued 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. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The firm had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. During the same quarter in the prior year, the business posted $2.58 earnings per share. D.R. Horton’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, equities analysts forecast that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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

About D.R. Horton

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.