D.R. Horton, Inc. $DHI Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 12.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 81,584 shares of the construction company’s stock after selling 12,072 shares during the period. QRG Capital Management Inc.’s holdings in D.R. Horton were worth $11,751,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Merit Financial Group LLC grew its stake in shares of D.R. Horton by 25.6% during the fourth quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company’s stock worth $2,635,000 after acquiring an additional 3,726 shares during the last quarter. Winnow Wealth LLC acquired a new stake in D.R. Horton in the 3rd quarter worth approximately $960,000. Nordea Investment Management AB grew its position in D.R. Horton by 41.5% during the 4th quarter. Nordea Investment Management AB now owns 1,239,316 shares of the construction company’s stock worth $179,428,000 after purchasing an additional 363,573 shares during the last quarter. Arete Wealth Advisors LLC purchased a new stake in D.R. Horton during the 3rd quarter worth approximately $946,000. Finally, Mediolanum International Funds Ltd increased its stake in D.R. Horton by 96.6% during the 3rd quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock valued at $25,670,000 after purchasing an additional 74,266 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Up 2.1%

Shares of DHI opened at $146.53 on Wednesday. D.R. Horton, Inc. has a 52 week low of $114.17 and a 52 week high of $184.54. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $41.55 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 2.01 and a beta of 1.41. The stock’s 50-day moving average price is $146.91 and its 200-day moving average price is $150.49.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. During the same period last year, the business earned $2.58 earnings per share. D.R. Horton’s quarterly revenue was down 2.3% on a year-over-year basis. On average, sell-side analysts predict that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, May 7th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, May 7th. D.R. Horton’s payout ratio is currently 16.87%.

Insider Transactions at D.R. Horton

In related news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the sale, the senior vice president owned 6,457 shares in the company, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DHI shares. Barclays lifted their price objective on shares of D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Wells Fargo & Company lifted their price target on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Finally, Citigroup raised their price objective on D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, D.R. Horton has an average rating of “Hold” and a consensus price target 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.