D.R. Horton, Inc. $DHI Shares Sold by Windward Capital Management Co. CA

Key Points

• Windward Capital Management trimmed its stake in D.R. Horton by 3.5%, selling 6,603 shares and leaving it with 180,547 shares (≈$26.0M), which represents about 2.1% of Windward's portfolio.
• Several large institutions are bulking up exposure—most notably Capital World Investors increased its position by 159.8% to 30.25M shares (≈$5.13B)—and overall about 90.6% of DHI is owned by hedge funds and other institutional investors.
• In the latest quarter DHI reported $2.24 EPS (beating estimates) but missed on revenue at $7.56B (down 2.3% YoY); the company also announced a quarterly dividend of $0.45 (annualized $1.80, yield ~1.1%).

Windward Capital Management Co. CA trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,547 shares of the construction company's stock after selling 6,603 shares during the quarter. D.R. Horton accounts for about 2.1% of Windward Capital Management Co. CA's portfolio, making the stock its 15th largest position. Windward Capital Management Co. CA owned approximately 0.06% of D.R. Horton worth $26,004,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital World Investors raised its position in shares of D.R. Horton by 159.8% in the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company's stock valued at $5,126,995,000 after purchasing an additional 18,607,545 shares during the last quarter. Invesco Ltd. increased its stake in D.R. Horton by 18.1% during the 3rd quarter. Invesco Ltd. now owns 3,372,020 shares of the construction company's stock valued at $571,456,000 after purchasing an additional 517,752 shares in the last quarter. Viking Global Investors LP raised its holdings in shares of D.R. Horton by 108.3% in the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company's stock worth $364,461,000 after buying an additional 1,469,978 shares during the last quarter. Capital International Investors purchased a new position in shares of D.R. Horton in the third quarter worth $395,179,000. Finally, Principal Financial Group Inc. lifted its stake in shares of D.R. Horton by 12.5% during the third quarter. Principal Financial Group Inc. now owns 2,269,557 shares of the construction company's stock worth $384,624,000 after buying an additional 252,878 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

NYSE:DHI opened at $164.27 on Friday. The stock has a market capitalization of $47.59 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 2.59 and a beta of 1.44. D.R. Horton, Inc. has a 52 week low of $114.17 and a 52 week high of $184.54. The company has a quick ratio of 0.98, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. The stock's 50-day moving average price is $148.29 and its 200-day moving average price is $150.69.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.09. The firm had revenue of $7.56 billion for the quarter, compared to analyst estimates of $9.22 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The business's revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.58 EPS. As a group, equities analysts expect that D.R. Horton, Inc. will post 10.43 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th will be given a $0.45 dividend. The ex-dividend date is Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. D.R. Horton's dividend payout ratio (DPR) is 16.35%.

Analysts Set New Price Targets

DHI has been the subject of a number of research analyst reports. Bank of America set a $158.00 target price on D.R. Horton in a research note on Wednesday, January 21st. Seaport Research Partners reissued a "neutral" rating on shares of D.R. Horton in a report on Tuesday, April 7th. BTIG Research set a $182.00 price objective on D.R. Horton in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods reaffirmed a "reduce" rating on shares of D.R. Horton in a report on Tuesday, January 27th. Finally, Wells Fargo & Company increased their price target on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an "equal weight" rating in a report on Wednesday. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, D.R. Horton has an average rating of "Hold" and an average price target of $168.54.

Insider Activity

In other news, SVP Aron M. Odom sold 260 shares of the business's stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the sale, the senior vice president owned 6,457 shares of the company's stock, valued at $1,081,870.35. The trade was a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.66% of the stock is currently owned by company insiders.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company's core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.

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