Nisa Investment Advisors LLC Has $13.59 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Nisa Investment Advisors LLC cut its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 106,895 shares of the construction company's stock after selling 2,870 shares during the period. Nisa Investment Advisors LLC's holdings in D.R. Horton were worth $13,590,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Olde Wealth Management LLC acquired a new stake in D.R. Horton in the first quarter worth $26,000. Nemes Rush Group LLC increased 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 acquiring an additional 82 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of D.R. Horton during the fourth quarter worth $43,000. Oarsman Capital Inc. increased its position in shares of D.R. Horton by 146.7% during the fourth quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock worth $46,000 after acquiring an additional 198 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in shares of D.R. Horton during the fourth quarter worth $54,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DHI has been the subject of several research reports. The Goldman Sachs Group lowered their price objective on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Keefe, Bruyette & Woods lowered their price objective on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. JMP Securities lowered their price objective on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. decreased their target price on shares of 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. Finally, Barclays decreased their target price on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Stock Performance

Shares of DHI traded down $2.83 during midday trading on Friday, reaching $136.79. The stock had a trading volume of 4,065,493 shares, compared to its average volume of 3,166,632. The firm has a 50 day simple moving average of $124.93 and a 200-day simple moving average of $129.34. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The firm has a market cap of $42.02 billion, a PE ratio of 10.36, a P/E/G ratio of 4.36 and a beta of 1.38. The company has a current ratio of 7.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. The firm had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same period last year, the business earned $3.52 EPS. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's payout ratio is 12.11%.

Insider Activity at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the sale, the director owned 2,193 shares of the company's stock, valued at approximately $280,046.10. The trade was a 49.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.54% of the company's stock.

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.