Capital World Investors Sells 391,751 Shares of D.R. Horton, Inc. (NYSE:DHI)

Capital World Investors cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,563,644 shares of the construction company's stock after selling 391,751 shares during the period. Capital World Investors owned approximately 2.72% of D.R. Horton worth $1,197,368,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of DHI. Nemes Rush Group LLC raised its holdings in shares of D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after purchasing an additional 82 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in D.R. Horton in the 4th quarter worth approximately $30,000. Rosenberg Matthew Hamilton raised its stake in D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock valued at $38,000 after buying an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of D.R. Horton during the 4th quarter valued at $38,000. Finally, Sierra Ocean LLC purchased a new position in shares of D.R. Horton in the 4th quarter worth $43,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Price Performance

DHI stock traded down $1.26 during midday trading on Friday, hitting $124.79. The company's stock had a trading volume of 803,250 shares, compared to its average volume of 2,932,428. 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, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The company has a 50 day moving average of $125.97 and a two-hundred day moving average of $145.52. The firm has a market capitalization of $39.32 billion, a price-to-earnings ratio of 8.81, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same quarter in the prior year, the firm posted $3.52 earnings per share. On average, analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Friday, May 2nd. D.R. Horton's dividend payout ratio is presently 12.11%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wedbush reissued a "neutral" rating and issued a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. StockNews.com cut shares of D.R. Horton from a "hold" rating to a "sell" rating in a research note on Tuesday. Bank of America cut their target price on shares of D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 UBS Group decreased their price target on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Finally, Citigroup cut their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, D.R. Horton has an average rating of "Hold" and an average price target of $151.15.

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.