Robeco Institutional Asset Management B.V. Reduces Stake in D.R. Horton, Inc. $DHI

Key Points

• Robeco Institutional Asset Management B.V. cut its stake in D.R. Horton by 18.6% in Q4, selling 11,374 shares and ending the period with 49,819 shares worth about $7.175 million.
• D.R. Horton reported Q4 EPS of $2.03—beating the $1.98 estimate—and revenue of $6.89 billion (down 9.5% year-over-year), while analysts hold a consensus "Hold" rating with a $159.33 price target.
• SVP Aron M. Odom sold 260 shares on Feb. 13 at an average price of $167.55, trimming his position by 3.87%; institutional investors collectively own 90.63% of the company and insiders own 0.66%.

Robeco Institutional Asset Management B.V. lowered its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 18.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 49,819 shares of the construction company's stock after selling 11,374 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in D.R. Horton were worth $7,175,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Concord Wealth Partners purchased a new position in shares of D.R. Horton in the 3rd quarter valued at about $25,000. Canton Hathaway LLC purchased a new position in D.R. Horton during the 3rd quarter worth approximately $26,000. Steigerwald Gordon & Koch Inc. purchased a new position in D.R. Horton during the 3rd quarter worth approximately $27,000. Sound Income Strategies LLC purchased a new position in D.R. Horton during the 4th quarter worth approximately $27,000. Finally, Ameriflex Group Inc. purchased a new position in D.R. Horton during the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the sale, the senior vice president directly owned 6,457 shares of the company's stock, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.66% of the company's stock.

D.R. Horton Stock Down 0.6%

D.R. Horton stock opened at $144.34 on Thursday. D.R. Horton, Inc. has a twelve month low of $114.17 and a twelve month high of $184.54. The stock has a 50 day moving average of $148.78 and a two-hundred day moving average of $151.22. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $41.82 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 2.26 and a beta of 1.44.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The company had revenue of $6.89 billion during the quarter, compared to analysts' expectations of $6.66 billion. During the same period last year, the firm earned $2.61 EPS. The firm's revenue for the quarter was down 9.5% on a year-over-year basis. As a group, research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton's dividend payout ratio (DPR) is presently 16.35%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DHI shares. Keefe, Bruyette & Woods restated a "reduce" rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Citizens Jmp restated a "market perform" rating on shares of D.R. Horton in a research note on Wednesday, January 7th. The Goldman Sachs Group restated a "buy" rating and set a $195.00 price target on shares of D.R. Horton in a research note on Tuesday, January 13th. Weiss Ratings restated a "hold (c)" rating on shares of D.R. Horton in a research note on Friday, April 10th. Finally, Barclays dropped their price target on D.R. Horton from $129.00 to $128.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of "Hold" and a consensus price target of $159.33.

D.R. Horton 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.