QRG Capital Management Inc. Trims Stake in D.R. Horton, Inc. $DHI

QRG Capital Management Inc. lessened its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 12.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,584 shares of the construction company's stock after selling 12,072 shares during the quarter. QRG Capital Management Inc.'s holdings in D.R. Horton were worth $11,751,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its stake in shares of D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company's stock valued at $538,000 after buying an additional 803 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in D.R. Horton by 295.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company's stock valued at $77,000 after acquiring an additional 455 shares during the period. Sivia Capital Partners LLC purchased a new position in D.R. Horton during the 2nd quarter valued at $302,000. Brown Advisory Inc. grew its position in D.R. Horton by 3.4% in the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company's stock valued at $815,000 after acquiring an additional 208 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in D.R. Horton by 8.9% in the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company's stock worth $4,503,000 after purchasing an additional 2,859 shares during the period. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Trading Up 2.1%

NYSE:DHI opened at $146.53 on Wednesday. The firm has a 50-day simple moving average of $146.91 and a 200-day simple moving average of $150.49. D.R. Horton, Inc. has a one year low of $114.17 and a one year high of $184.54. The firm has a market cap of $41.55 billion, a P/E ratio of 13.73, a P/E/G ratio of 2.01 and a beta of 1.41. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.09. The firm had revenue of $7.56 billion for the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The company's quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm earned $2.58 earnings per share. Equities analysts anticipate that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, May 7th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, May 7th. D.R. Horton's dividend payout ratio is 16.87%.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the transaction, the senior vice president owned 6,457 shares in the company, valued at $1,081,870.35. The trade was a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.66% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DHI. The Goldman Sachs Group lifted their target price on D.R. Horton from $172.00 to $190.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. Keefe, Bruyette & Woods reaffirmed a "reduce" rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Seaport Research Partners reiterated a "neutral" rating on shares of D.R. Horton in a report on Tuesday, April 7th. Wells Fargo & Company upped their target price on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 22nd. Finally, Barclays raised their target price on shares of D.R. Horton from $128.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, D.R. Horton presently has an average rating of "Hold" and an average price target of $168.54.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company's core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.

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