Vaughan Nelson Investment Management L.P. Sells 64,040 Shares of D.R. Horton, Inc. (NYSE:DHI)

Vaughan Nelson Investment Management L.P. lowered its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 43.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 82,310 shares of the construction company's stock after selling 64,040 shares during the quarter. Vaughan Nelson Investment Management L.P.'s holdings in D.R. Horton were worth $10,465,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vontobel Holding Ltd. increased its holdings in shares of D.R. Horton by 52.9% in the fourth quarter. Vontobel Holding Ltd. now owns 16,588 shares of the construction company's stock worth $2,319,000 after purchasing an additional 5,736 shares during the period. Bank Pictet & Cie Europe AG increased its holdings in shares of D.R. Horton by 1.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after purchasing an additional 5,052 shares during the period. OneAscent Financial Services LLC increased its holdings in shares of D.R. Horton by 21.2% in the fourth quarter. OneAscent Financial Services LLC now owns 3,325 shares of the construction company's stock worth $465,000 after purchasing an additional 582 shares during the period. Proficio Capital Partners LLC increased its holdings in shares of D.R. Horton by 59.5% in the fourth quarter. Proficio Capital Partners LLC now owns 1,880 shares of the construction company's stock worth $263,000 after purchasing an additional 701 shares during the period. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of D.R. Horton by 1.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 115,328 shares of the construction company's stock worth $16,125,000 after purchasing an additional 1,803 shares during the period. Institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Down 2.6%

Shares of NYSE:DHI opened at $122.99 on Monday. The stock's 50-day moving average price is $122.20 and its 200-day moving average price is $132.22. 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 $37.78 billion, a P/E ratio of 8.69, a price-to-earnings-growth ratio of 0.54 and a beta of 1.37. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

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 the consensus estimate of $2.69 by ($0.11). The business had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same period in the previous year, the business earned $3.52 earnings per share. On average, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a $0.40 dividend. The ex-dividend date was Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. D.R. Horton's payout ratio is presently 12.11%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays reduced their target price on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Royal Bank of Canada reduced their target price on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a research note on Monday, April 21st. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. The Goldman Sachs Group reduced their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. 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. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of "Hold" and an average price target of $151.15.

About D.R. Horton

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.

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