D.R. Horton, Inc. $DHI Stock Holdings Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,106,858 shares of the construction company's stock after selling 162,699 shares during the period. Principal Financial Group Inc. owned about 0.73% of D.R. Horton worth $303,451,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DHI. Integrated Wealth Concepts LLC grew its holdings in shares of D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company's stock valued at $538,000 after buying an additional 803 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company's stock valued at $77,000 after buying an additional 455 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of D.R. Horton during the second quarter valued at $302,000. Brown Advisory Inc. grew its holdings in shares of D.R. Horton by 3.4% during the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company's stock valued at $815,000 after buying an additional 208 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of D.R. Horton by 8.9% during the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company's stock valued at $4,503,000 after buying an additional 2,859 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DHI. Citizens Jmp reaffirmed a "market perform" rating on shares of D.R. Horton in a research report on Wednesday, January 7th. Bank of America set a $158.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 21st. BTIG Research set a $182.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 21st. Barclays boosted their price objective on shares of D.R. Horton from $128.00 to $140.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 22nd. Finally, Keefe, Bruyette & Woods reaffirmed a "reduce" rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $168.54.

Insider Activity

In other news, SVP Aron M. Odom sold 260 shares of the company's stock in a transaction dated Friday, February 13th. The stock was 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 in the company, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.66% of the company's stock.

D.R. Horton Stock Performance

DHI stock opened at $146.53 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $41.55 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 2.01 and a beta of 1.41. D.R. Horton, Inc. has a 12 month low of $114.17 and a 12 month high of $184.54. The firm has a 50 day moving average of $146.91 and a two-hundred day moving average of $150.49.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.58 earnings per share. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, May 7th. D.R. Horton's dividend payout ratio is 16.87%.

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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