Principal Financial Group Inc. Sells 162,699 Shares of D.R. Horton, Inc. $DHI

Principal Financial Group Inc. reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,106,858 shares of the construction company’s stock after selling 162,699 shares during the period. Principal Financial Group Inc.’s holdings in D.R. Horton were worth $303,451,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Capital World Investors boosted its holdings in shares of D.R. Horton by 159.8% during the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after buying an additional 18,607,545 shares during the period. Invesco Ltd. boosted its holdings in shares of D.R. Horton by 18.1% during the 3rd quarter. Invesco Ltd. now owns 3,372,020 shares of the construction company’s stock worth $571,456,000 after buying an additional 517,752 shares during the period. Viking Global Investors LP boosted its stake in D.R. Horton by 108.3% during the 2nd 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 period. Capital International Investors bought a new stake in D.R. Horton during the 3rd quarter valued at approximately $395,179,000. Finally, AQR Capital Management LLC boosted its stake in D.R. Horton by 69.8% during the 3rd quarter. AQR Capital Management LLC now owns 1,823,284 shares of the construction company’s stock valued at $307,387,000 after purchasing an additional 749,701 shares during the period. 90.63% of the stock is owned by institutional investors.

D.R. Horton Price Performance

NYSE:DHI opened at $146.53 on Wednesday. The company has a 50-day moving average of $146.91 and a 200-day moving average of $150.49. 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. D.R. Horton, Inc. has a 52 week low of $114.17 and a 52 week high of $184.54. 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 data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. The company had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the firm earned $2.58 EPS. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, May 7th will be given a dividend of $0.45 per share. 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 dividend payout ratio (DPR) is 16.87%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wells Fargo & Company increased their target price on D.R. Horton from $147.00 to $170.00 and gave the company 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. BTIG Research set a $182.00 target price on D.R. Horton in a research note on Wednesday, January 21st. Royal Bank Of Canada increased their price target on shares of D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. Finally, Argus increased their price target on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $168.54.

Insider Activity at D.R. Horton

In related news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the transaction, the senior vice president owned 6,457 shares in the company, valued at $1,081,870.35. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is owned by company insiders.

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.