QRG Capital Management Inc. Decreases Stake in D.R. Horton, Inc. (NYSE:DHI)

QRG Capital Management Inc. lowered its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 237,285 shares of the construction company's stock after selling 14,758 shares during the quarter. QRG Capital Management Inc. owned about 0.08% of D.R. Horton worth $30,166,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sagespring Wealth Partners LLC raised its stake in shares of D.R. Horton by 10.7% in the first quarter. Sagespring Wealth Partners LLC now owns 2,864 shares of the construction company's stock valued at $364,000 after acquiring an additional 276 shares during the period. Sowell Financial Services LLC purchased a new stake in shares of D.R. Horton in the first quarter valued at $804,000. Montecito Bank & Trust raised its stake in shares of D.R. Horton by 2.4% in the first quarter. Montecito Bank & Trust now owns 5,570 shares of the construction company's stock valued at $708,000 after acquiring an additional 131 shares during the period. Brighton Jones LLC raised its stake in shares of D.R. Horton by 7.5% in the first quarter. Brighton Jones LLC now owns 2,460 shares of the construction company's stock valued at $313,000 after acquiring an additional 172 shares during the period. Finally, Exchange Traded Concepts LLC raised its stake in shares of D.R. Horton by 25.0% in the first quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company's stock valued at $325,000 after acquiring an additional 511 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. JMP Securities reduced their target price on shares of 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. Keefe, Bruyette & Woods reduced their price target on shares of 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. The Goldman Sachs Group reduced their price target on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company reduced their price target on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. reduced their price target on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $151.15.

D.R. Horton Stock Down 3.0%

D.R. Horton stock traded down $3.74 during midday trading on Tuesday, hitting $119.91. 3,847,659 shares of the company's stock were exchanged, compared to its average volume of 3,059,379. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The company has a market cap of $36.83 billion, a PE ratio of 9.08, a P/E/G ratio of 3.86 and a beta of 1.37. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 7.29. The firm has a 50-day moving average of $122.37 and a two-hundred day moving average of $131.90.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share 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 quarter in the prior year, the business posted $3.52 earnings per share. As a group, analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's dividend payout ratio is currently 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.