Axa S.A. Sells 140,509 Shares of D.R. Horton, Inc. (NYSE:DHI)

AXA S.A. trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 96.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,443 shares of the construction company's stock after selling 140,509 shares during the period. AXA S.A.'s holdings in D.R. Horton were worth $761,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new stake in D.R. Horton in the fourth quarter worth $43,000. Rehmann Capital Advisory Group lifted its holdings in shares of D.R. Horton by 3.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 7,456 shares of the construction company's stock valued at $1,043,000 after purchasing an additional 278 shares in the last quarter. Navigoe LLC acquired a new position in shares of D.R. Horton in the 4th quarter valued at approximately $144,000. Kapitalo Investimentos Ltda bought a new stake in D.R. Horton during the 4th quarter worth approximately $257,000. Finally, Voleon Capital Management LP acquired a new stake in D.R. Horton during the 4th quarter worth approximately $1,976,000. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on DHI shares. Wells Fargo & Company lowered their price target on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Keefe, Bruyette & Woods lowered their price objective on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Wedbush reissued a "neutral" rating and set a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. Barclays cut their price target on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Finally, Seaport Res Ptn upgraded shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Three analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, D.R. Horton presently has a consensus rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Trading Up 0.2%

Shares of NYSE:DHI traded up $0.27 during midday trading on Tuesday, reaching $126.41. The company's stock had a trading volume of 2,971,849 shares, compared to its average volume of 2,967,493. The firm has a market capitalization of $38.83 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 0.54 and a beta of 1.45. The firm has a 50 day moving average price of $125.26 and a two-hundred day moving average price of $139.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). The company had revenue of $7.73 billion for the quarter, compared to analysts' expectations of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same period in the previous year, the firm earned $3.52 EPS. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. D.R. Horton's payout ratio is presently 12.11%.

D.R. Horton Company Profile

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.