D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV cut its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 203,902 shares of the construction company's stock after selling 8,648 shares during the quarter. Mercer Global Advisors Inc. ADV owned approximately 0.06% of D.R. Horton worth $28,510,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DHI. Principal Financial Group Inc. grew its stake in D.R. Horton by 7.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock valued at $339,174,000 after buying an additional 120,892 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of D.R. Horton in the 3rd quarter worth about $560,000. Wilmington Savings Fund Society FSB purchased a new position in shares of D.R. Horton during the third quarter worth approximately $1,025,000. Tidal Investments LLC boosted its position in D.R. Horton by 22.2% during the third quarter. Tidal Investments LLC now owns 44,659 shares of the construction company's stock valued at $8,520,000 after buying an additional 8,107 shares during the period. Finally, Synovus Financial Corp grew its position in D.R. Horton by 5.1% during the 3rd quarter. Synovus Financial Corp now owns 10,288 shares of the construction company's stock worth $1,963,000 after acquiring an additional 501 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Price Performance

D.R. Horton stock traded down $3.83 during midday trading on Tuesday, reaching $121.84. The company had a trading volume of 2,932,670 shares, compared to its average volume of 2,951,732. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85. The firm's fifty day simple moving average is $125.60 and its 200-day simple moving average is $141.88. 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 market capitalization of $37.43 billion, a P/E ratio of 8.61, a P/E/G ratio of 0.54 and a beta of 1.45.

D.R. Horton (NYSE:DHI - Get Free Report) last announced 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). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.73 billion during the quarter, compared to analysts' expectations of $8.07 billion. During the same quarter in the previous year, the business posted $3.52 EPS. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is currently 12.11%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DHI shares. Wedbush reissued a "neutral" rating and set a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. The Goldman Sachs Group reduced their price target on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Keefe, Bruyette & Woods cut their target price on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Citigroup reduced their price target on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered their target price on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price 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.