D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank decreased its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 6.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 98,637 shares of the construction company's stock after selling 6,332 shares during the period. Toronto Dominion Bank's holdings in D.R. Horton were worth $13,791,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. RFG Advisory LLC raised its position in D.R. Horton by 47.8% during the fourth quarter. RFG Advisory LLC now owns 1,906 shares of the construction company's stock worth $267,000 after acquiring an additional 616 shares during the last quarter. Blue Trust Inc. increased its stake in shares of D.R. Horton by 15.0% during the 4th quarter. Blue Trust Inc. now owns 8,656 shares of the construction company's stock worth $1,210,000 after purchasing an additional 1,128 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of D.R. Horton by 64.3% during the 4th quarter. Pacer Advisors Inc. now owns 35,747 shares of the construction company's stock worth $4,998,000 after purchasing an additional 13,993 shares during the last quarter. Foundations Investment Advisors LLC raised its position in shares of D.R. Horton by 10.0% during the 4th quarter. Foundations Investment Advisors LLC now owns 4,416 shares of the construction company's stock worth $617,000 after purchasing an additional 401 shares during the last quarter. Finally, Capital Investment Counsel LLC lifted its stake in D.R. Horton by 0.8% in the 4th quarter. Capital Investment Counsel LLC now owns 45,261 shares of the construction company's stock valued at $6,328,000 after buying an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on DHI shares. Wells Fargo & Company dropped their price objective on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Royal Bank of Canada reduced their target price on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a report on Monday, April 21st. Keefe, Bruyette & Woods decreased their price target on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lowered their target price on 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Stock Performance

Shares of NYSE:DHI traded down $0.32 during trading on Friday, reaching $117.95. 4,305,130 shares of the company's stock traded hands, compared to its average volume of 3,014,355. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The company has a 50 day moving average of $122.76 and a 200-day moving average of $135.42. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The stock has a market capitalization of $36.23 billion, a P/E ratio of 8.34, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same quarter in the previous year, the business posted $3.52 earnings per share. On average, equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. D.R. Horton's payout ratio 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.