Caisse DE Depot ET Placement DU Quebec Has $84.98 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

Caisse DE Depot ET Placement DU Quebec lessened its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 24.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 607,745 shares of the construction company's stock after selling 191,932 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.19% of D.R. Horton worth $84,975,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Equity Partners increased its position in shares of D.R. Horton by 435.6% during the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company's stock valued at $545,000 after purchasing an additional 3,171 shares during the period. Pensionfund Sabic boosted its position in shares of D.R. Horton by 70.2% during the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company's stock valued at $1,356,000 after acquiring an additional 4,000 shares in the last quarter. Park Avenue Securities LLC increased its stake in D.R. Horton by 10.9% in the fourth quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company's stock valued at $3,923,000 after acquiring an additional 2,767 shares during the period. Oddo BHF Asset Management Sas bought a new position in D.R. Horton during the third quarter worth about $713,000. Finally, Park National Corp OH boosted its holdings in D.R. Horton by 8.9% during the fourth quarter. Park National Corp OH now owns 212,815 shares of the construction company's stock valued at $29,756,000 after purchasing an additional 17,441 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wedbush reaffirmed a "neutral" rating and issued a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. Keefe, Bruyette & Woods lowered their target price on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group cut their price target on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price objective on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Finally, 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. Three 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $151.15.

D.R. Horton Trading Down 3.0 %

DHI traded down $3.83 during mid-day trading on Tuesday, hitting $121.84. The stock had a trading volume of 2,932,670 shares, compared to its average volume of 2,951,732. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The firm has a market capitalization of $37.43 billion, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. The stock's fifty day simple moving average is $125.60 and its 200-day simple moving average is $141.88.

D.R. Horton (NYSE:DHI - Get Free Report) last issued 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). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same quarter in the prior year, the firm posted $3.52 earnings per share. As a group, research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.31%. 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.