Bamco Inc. NY Sells 282,494 Shares of D.R. Horton, Inc. (NYSE:DHI)

Bamco Inc. NY cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 43.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 364,394 shares of the construction company's stock after selling 282,494 shares during the period. Bamco Inc. NY owned approximately 0.12% of D.R. Horton worth $50,950,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DHI. Benjamin Edwards Inc. raised its holdings in shares of D.R. Horton by 16.3% in the 4th quarter. Benjamin Edwards Inc. now owns 47,495 shares of the construction company's stock worth $6,642,000 after purchasing an additional 6,648 shares during the period. Algert Global LLC lifted its position in shares of D.R. Horton by 16.6% during the 4th quarter. Algert Global LLC now owns 26,895 shares of the construction company's stock valued at $3,760,000 after buying an additional 3,824 shares during the last quarter. Alteri Wealth LLC bought a new stake in D.R. Horton in the 4th quarter valued at about $269,000. Aptus Capital Advisors LLC boosted its position in D.R. Horton by 3.2% during the fourth quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company's stock worth $446,000 after purchasing an additional 98 shares during the period. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DHI. Keefe, Bruyette & Woods decreased their target price on 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 issued a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. StockNews.com downgraded shares of D.R. Horton from a "hold" rating to a "sell" rating in a report on Thursday, May 1st. The Goldman Sachs Group reduced their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, Barclays dropped their price target on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, D.R. Horton has a consensus rating of "Hold" and an average price target of $151.15.

D.R. Horton Stock Up 0.9 %

Shares of DHI stock traded up $1.10 during mid-day trading on Thursday, reaching $123.87. 3,471,421 shares of the company's stock traded hands, compared to its average volume of 2,962,206. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The company has a market cap of $38.05 billion, a P/E ratio of 8.75, a P/E/G ratio of 0.54 and a beta of 1.45. The company's 50-day moving average price is $125.44 and its 200-day moving average price is $141.61. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued 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). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.73 billion during the quarter, compared to analysts' expectations of $8.07 billion. During the same period last year, the firm posted $3.52 earnings per share. On average, equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 2nd will be paid a $0.40 dividend. The ex-dividend date is Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.29%. D.R. Horton's dividend payout ratio (DPR) is 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.