D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Crestline Management LP

Crestline Management LP increased its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2,512.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,948 shares of the construction company's stock after purchasing an additional 56,692 shares during the quarter. Crestline Management LP's holdings in D.R. Horton were worth $8,242,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DHI. Principal Financial Group Inc. increased its stake in shares of D.R. Horton by 7.3% during the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock valued at $339,174,000 after buying an additional 120,892 shares during the period. World Investment Advisors LLC purchased a new position in D.R. Horton during the 3rd quarter valued at about $560,000. Nordea Investment Management AB raised its holdings in shares of D.R. Horton by 112.7% in the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company's stock valued at $57,255,000 after purchasing an additional 215,947 shares in the last quarter. Pensionfund Sabic lifted its position in shares of D.R. Horton by 70.2% in the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company's stock worth $1,356,000 after purchasing an additional 4,000 shares during the period. Finally, CWA Asset Management Group LLC boosted its stake in shares of D.R. Horton by 1.7% during the fourth quarter. CWA Asset Management Group LLC now owns 9,105 shares of the construction company's stock valued at $1,273,000 after purchasing an additional 150 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. JMP Securities lowered their target price on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. dropped their price objective on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Royal Bank of Canada reduced their target price on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a report on Monday, April 21st. Wells Fargo & Company reduced their price objective on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, BTIG Research lowered their target price 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. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, D.R. Horton presently has an average rating of "Hold" and a consensus price target of $151.15.

D.R. Horton Stock Performance

Shares of NYSE:DHI traded down $1.83 during trading on Friday, hitting $122.01. 3,956,080 shares of the stock traded hands, compared to its average volume of 2,961,811. The company has a fifty day moving average price of $125.33 and a two-hundred day moving average price of $140.78. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The company has a market cap of $37.48 billion, a price-to-earnings ratio of 8.62, a P/E/G ratio of 0.54 and a beta of 1.45. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

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 for the quarter, missing analysts' consensus estimates 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 analyst estimates of $8.07 billion. During the same quarter last year, the company posted $3.52 EPS. As a group, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Friday, May 2nd. D.R. Horton's payout ratio is presently 12.11%.

D.R. Horton 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.