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

Lazard Asset Management LLC lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 95.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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.

Other large investors have also recently added to or reduced their stakes in the company. LRI Investments LLC grew its holdings in shares of D.R. Horton by 28.8% in the 4th quarter. LRI Investments LLC now owns 1,352 shares of the construction company's stock valued at $189,000 after acquiring an additional 302 shares in the last quarter. Investment Management Corp of Ontario lifted its position in D.R. Horton by 3.9% during the fourth quarter. Investment Management Corp of Ontario now owns 10,245 shares of the construction company's stock worth $1,432,000 after acquiring an additional 386 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of D.R. Horton by 928.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 30,460 shares of the construction company's stock valued at $4,259,000 after buying an additional 27,499 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of D.R. Horton by 27.5% in the fourth quarter. Janus Henderson Group PLC now owns 46,083 shares of the construction company's stock valued at $6,443,000 after buying an additional 9,950 shares in the last quarter. Finally, Humankind Investments LLC raised its position in shares of D.R. Horton by 13.6% in the fourth quarter. Humankind Investments LLC now owns 1,507 shares of the construction company's stock valued at $211,000 after buying an additional 180 shares in the last quarter. Institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Performance

Shares of NYSE DHI traded down $3.78 during trading on Wednesday, reaching $117.70. 2,143,867 shares of the company traded hands, compared to its average volume of 2,990,058. The company has a current ratio of 6.92, a quick ratio of 1.09 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 firm's fifty day simple moving average is $123.47 and its 200 day simple moving average is $136.37. The stock has a market cap of $36.16 billion, a P/E ratio of 8.33, 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 results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). The company had revenue of $7.73 billion for the quarter, compared to analysts' expectations of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same quarter in the prior year, the firm earned $3.52 EPS. As a group, research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared 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 yield of 1.36%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's dividend payout ratio is presently 12.11%.

Wall Street Analyst Weigh In

DHI has been the subject of several research analyst reports. Royal Bank of Canada lowered their price target 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. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Barclays dropped their target price on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Keefe, Bruyette & Woods reduced their price objective on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. reduced their price target on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, D.R. Horton currently has an average rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Company 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.