PGGM Investments Trims Stake in D.R. Horton, Inc. (NYSE:DHI)

PGGM Investments lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 25.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,439 shares of the construction company's stock after selling 26,801 shares during the period. PGGM Investments' holdings in D.R. Horton were worth $11,769,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of DHI. BluePath Capital Management LLC bought a new stake in D.R. Horton in the third quarter valued at approximately $33,000. Oakworth Capital Inc. bought a new stake in D.R. Horton in the fourth quarter valued at approximately $38,000. First Pacific Financial bought a new stake in D.R. Horton in the third quarter valued at approximately $41,000. Silver Oak Securities Incorporated bought a new stake in D.R. Horton in the third quarter valued at approximately $43,000. Finally, JFS Wealth Advisors LLC raised its stake in D.R. Horton by 85.8% in the third quarter. JFS Wealth Advisors LLC now owns 420 shares of the construction company's stock valued at $45,000 after buying an additional 194 shares during the period. Institutional investors own 90.63% of the company's stock.

Insider Activity

In other news, Director Barbara K. Allen sold 1,748 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $809,419. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Barbara K. Allen sold 1,748 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $809,419. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barbara K. Allen sold 363 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the transaction, the director now owns 5,650 shares of the company's stock, valued at $838,799. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,560 shares of company stock worth $4,279,636. Insiders own 1.74% of the company's stock.

D.R. Horton Price Performance

Shares of DHI stock traded up $1.13 during trading hours on Friday, reaching $145.33. The company's stock had a trading volume of 2,057,426 shares, compared to its average volume of 2,504,805. The firm's 50 day simple moving average is $151.99 and its 200-day simple moving average is $140.55. The company has a market capitalization of $47.86 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 0.72 and a beta of 1.64. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $165.75. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating analysts' consensus estimates of $3.08 by $0.44. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company's revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.73 EPS. Sell-side analysts forecast that D.R. Horton, Inc. will post 14.31 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton's payout ratio is 8.17%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DHI. Raymond James upped their price objective on D.R. Horton from $140.00 to $160.00 and gave the company an "outperform" rating in a research note on Thursday, February 1st. Bank of America decreased their target price on D.R. Horton from $182.00 to $168.00 and set a "buy" rating on the stock in a research report on Friday, April 19th. Keefe, Bruyette & Woods decreased their target price on D.R. Horton from $175.00 to $172.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 24th. Seaport Res Ptn downgraded D.R. Horton from a "buy" rating to a "neutral" rating in a research report on Monday, January 22nd. Finally, Wedbush reaffirmed an "underperform" rating and issued a $130.00 target price on shares of D.R. Horton in a research report on Thursday, April 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $158.06.

D.R. Horton Company 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.