Vanguard Group Inc. Sells 303,060 Shares of D.R. Horton, Inc. $DHI

Vanguard Group Inc. cut its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,718,417 shares of the construction company's stock after selling 303,060 shares during the period. Vanguard Group Inc. owned 11.29% of D.R. Horton worth $4,712,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Merit Financial Group LLC boosted its stake in D.R. Horton by 25.6% in the 4th quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company's stock worth $2,635,000 after purchasing an additional 3,726 shares in the last quarter. Winnow Wealth LLC acquired a new stake in D.R. Horton in the 3rd quarter worth approximately $960,000. Nordea Investment Management AB boosted its stake in D.R. Horton by 41.5% in the 4th quarter. Nordea Investment Management AB now owns 1,239,316 shares of the construction company's stock worth $179,428,000 after purchasing an additional 363,573 shares in the last quarter. Arete Wealth Advisors LLC acquired a new stake in D.R. Horton in the 3rd quarter worth approximately $946,000. Finally, Mediolanum International Funds Ltd boosted its stake in D.R. Horton by 96.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company's stock worth $25,670,000 after purchasing an additional 74,266 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at D.R. Horton

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the sale, the senior vice president owned 6,457 shares of the company's stock, valued at $1,081,870.35. The trade was a 3.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.66% of the stock is currently owned by company insiders.

D.R. Horton Price Performance

NYSE:DHI opened at $159.54 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The firm has a market cap of $46.22 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 2.54 and a beta of 1.44. The company has a 50 day moving average price of $147.96 and a 200-day moving average price of $150.54. D.R. Horton, Inc. has a 1-year low of $114.17 and a 1-year high of $184.54.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion during the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The firm's revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.58 EPS. Equities research analysts forecast that D.R. Horton, Inc. will post 10.53 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, May 7th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, May 7th. D.R. Horton's payout ratio is presently 16.87%.

Analyst Upgrades and Downgrades

Several brokerages have commented on DHI. Weiss Ratings upgraded shares of D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday. The Goldman Sachs Group lifted their price objective on shares of D.R. Horton from $172.00 to $190.00 and gave the company a "buy" rating in a research note on Tuesday, April 21st. Wells Fargo & Company lifted their price objective on shares of D.R. Horton from $147.00 to $170.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 22nd. BTIG Research set a $182.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods restated a "reduce" rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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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