D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC cut its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 95.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,281 shares of the construction company's stock after selling 28,230 shares during the quarter. Lazard Asset Management LLC's holdings in D.R. Horton were worth $178,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of DHI. Nemes Rush Group LLC lifted its position 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 worth $27,000 after purchasing an additional 82 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of D.R. Horton during the fourth quarter valued at $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of D.R. Horton during the fourth quarter valued at $38,000. Sierra Ocean LLC purchased a new position in shares of D.R. Horton during the fourth quarter valued at $43,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of D.R. Horton during the fourth quarter valued at $43,000. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods cut their price target on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. BTIG Research cut their target price on D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock 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. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, Barclays cut their target price on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Price Performance

NYSE DHI traded up $2.76 during mid-day trading on Tuesday, hitting $121.41. The stock had a trading volume of 2,683,189 shares, compared to its average volume of 2,993,000. The firm's 50 day moving average is $123.66 and its 200 day moving average is $136.47. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month 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 stock has a market capitalization of $37.29 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 0.54 and a beta of 1.45.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 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 firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same period in the prior year, the company posted $3.52 earnings per share. Equities research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) 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.