Baird Financial Group Inc. Trims Position in D.R. Horton, Inc. (NYSE:DHI)

Baird Financial Group Inc. lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 253,016 shares of the construction company's stock after selling 26,637 shares during the quarter. Baird Financial Group Inc. owned about 0.08% of D.R. Horton worth $35,377,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Nemes Rush Group LLC boosted its holdings in shares of D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after acquiring an additional 82 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in D.R. Horton in the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in D.R. Horton in the 4th quarter valued at approximately $38,000. Rosenberg Matthew Hamilton increased its position in D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after purchasing an additional 165 shares during the period. Finally, Sierra Ocean LLC purchased a new position in shares of D.R. Horton during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Trading Down 1.3 %

Shares of DHI stock opened at $125.67 on Tuesday. The company has a market capitalization of $38.60 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 0.54 and a beta of 1.45. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $125.60 and a 200 day moving average price of $141.88. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data 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 firm 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 company posted $3.52 EPS. Research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DHI. The Goldman Sachs Group dropped their price objective on D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Citigroup lowered their price target on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. BTIG Research reduced their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Bank of America lowered their target price on shares of D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Finally, JPMorgan Chase & Co. reduced their price target on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $151.15.

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.

Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D.R. Horton, Inc. (NYSE:DHI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.