Robeco Institutional Asset Management B.V. Raises Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Robeco Institutional Asset Management B.V. raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 34.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,215 shares of the construction company's stock after acquiring an additional 11,905 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in D.R. Horton were worth $5,875,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. 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 purchasing an additional 82 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in D.R. Horton during the 4th quarter worth $38,000. Itau Unibanco Holding S.A. acquired a new position in D.R. Horton during the 4th quarter valued at about $43,000. Oarsman Capital Inc. raised its stake in D.R. Horton by 146.7% in the fourth quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock valued at $46,000 after buying an additional 198 shares during the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new stake in D.R. Horton in the fourth quarter worth about $54,000. Institutional investors own 90.63% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on DHI. Barclays cut their price objective on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Wall Street Zen upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. lowered their price objective on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. The Goldman Sachs Group cut their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Keefe, Bruyette & Woods lowered their price target on 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $151.15.

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 that occurred on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total value of $274,555.00. Following the sale, the director directly owned 2,193 shares in the company, valued at $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by corporate insiders.

D.R. Horton Stock Down 2.6%

Shares of NYSE DHI traded down $3.53 during midday trading on Friday, hitting $132.08. The company's stock had a trading volume of 3,428,397 shares, compared to its average volume of 3,123,490. The company has a debt-to-equity ratio of 0.26, a current ratio of 7.29 and a quick ratio of 1.15. The firm has a market capitalization of $40.57 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 4.12 and a beta of 1.38. The business's fifty day simple moving average is $124.00 and its two-hundred day simple moving average is $129.57. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $7.73 billion for the quarter, compared to analysts' expectations of $8.07 billion. D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. During the same period in the prior year, the company posted $3.52 EPS. On average, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

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