D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 66.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,604 shares of the construction company's stock after selling 19,168 shares during the period. Nomura Holdings Inc.'s holdings in D.R. Horton were worth $1,343,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DHI. Burney Co. increased its position in shares of D.R. Horton by 5.5% during the fourth quarter. Burney Co. now owns 5,830 shares of the construction company's stock worth $815,000 after acquiring an additional 305 shares during the period. Fermata Advisors LLC purchased a new stake in D.R. Horton during the 4th quarter worth about $366,000. Avanza Fonder AB acquired a new stake in D.R. Horton in the 4th quarter valued at about $4,555,000. Merit Financial Group LLC boosted its stake in shares of D.R. Horton by 110.5% in the 4th quarter. Merit Financial Group LLC now owns 3,212 shares of the construction company's stock valued at $449,000 after buying an additional 1,686 shares during the period. Finally, Somerset Trust Co boosted its stake in shares of D.R. Horton by 47.8% in the 4th quarter. Somerset Trust Co now owns 2,213 shares of the construction company's stock valued at $309,000 after buying an additional 716 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Price Performance

Shares of NYSE DHI traded down $3.00 during trading on Wednesday, reaching $119.68. The company had a trading volume of 3,698,585 shares, compared to its average volume of 2,978,547. 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 twelve month low of $110.44 and a twelve month high of $199.85. The stock has a 50-day moving average price of $124.39 and a two-hundred day moving average price of $138.11. The stock has a market capitalization of $36.76 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing the consensus estimate of $2.69 by ($0.11). The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same period in the previous year, the firm posted $3.52 EPS. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is 12.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DHI shares. The Goldman Sachs Group reduced their price objective on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Royal Bank of Canada dropped their price target on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a research report on Monday, April 21st. JMP Securities reduced their price target on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. dropped their price objective on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Finally, BTIG Research reduced their target price on D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a report 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and a consensus price target of $151.15.

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.