Principal Financial Group Inc. Cuts Position in D.R. Horton, Inc. (NYSE:DHI)

Principal Financial Group Inc. reduced its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 1.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,696,408 shares of the construction company's stock after selling 32,381 shares during the period. Principal Financial Group Inc. owned about 0.55% of D.R. Horton worth $215,664,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Nemes Rush Group LLC raised its holdings 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 valued at $27,000 after purchasing an additional 82 shares during the last quarter. Azzad Asset Management Inc. ADV raised its holdings in shares of D.R. Horton by 1.0% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company's stock valued at $1,221,000 after purchasing an additional 89 shares during the last quarter. Horizon Investments LLC lifted its holdings in D.R. Horton by 1.7% in the fourth quarter. Horizon Investments LLC now owns 5,503 shares of the construction company's stock valued at $767,000 after acquiring an additional 91 shares during the period. Blair William & Co. IL lifted its holdings in D.R. Horton by 0.3% in the fourth quarter. Blair William & Co. IL now owns 36,782 shares of the construction company's stock valued at $5,143,000 after acquiring an additional 95 shares during the period. Finally, Aptus Capital Advisors LLC lifted its holdings in D.R. Horton by 3.2% in the fourth quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company's stock valued at $446,000 after acquiring an additional 98 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DHI has been the topic of a number of recent research reports. The Goldman Sachs Group lowered their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their target price 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. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Wells Fargo & Company lowered their target price on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, JMP Securities decreased their price objective on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a research note on Monday, April 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $151.15.

D.R. Horton Price Performance

DHI traded down $3.53 on Friday, hitting $132.08. 3,428,397 shares of the company's stock traded hands, compared to its average volume of 3,129,379. The company's 50 day simple moving average is $124.15 and its 200-day simple moving average is $129.38. The firm has a market cap of $40.57 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 4.12 and a beta of 1.38. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. 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 issued its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). The business had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. During the same period last year, the business posted $3.52 EPS. As a group, research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is presently 12.11%.

Insider Transactions at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the sale, the director owned 2,193 shares of the company's stock, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.54% of the company's stock.

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.