D.R. Horton, Inc. (NYSE:DHI) Position Cut by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 17.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,275,230 shares of the construction company's stock after selling 261,374 shares during the quarter. Principal Financial Group Inc. owned 0.38% of D.R. Horton worth $193,810,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC lifted its holdings in D.R. Horton by 390.6% in the third quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company's stock valued at $79,884,000 after acquiring an additional 591,787 shares during the period. Pacer Advisors Inc. lifted its stake in shares of D.R. Horton by 21.7% in the 4th quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company's stock valued at $412,503,000 after purchasing an additional 484,058 shares during the period. Acadian Asset Management LLC boosted its holdings in D.R. Horton by 1,357.4% during the third quarter. Acadian Asset Management LLC now owns 490,043 shares of the construction company's stock worth $52,652,000 after buying an additional 456,419 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in D.R. Horton by 150.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 571,051 shares of the construction company's stock worth $61,371,000 after buying an additional 342,884 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in D.R. Horton during the third quarter valued at $36,657,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DHI. Barclays decreased their price objective on shares of D.R. Horton from $186.00 to $176.00 and set an "overweight" rating for the company in a research report on Friday, April 19th. Keefe, Bruyette & Woods increased their price target on D.R. Horton from $172.00 to $178.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 7th. Citigroup boosted their price objective on D.R. Horton from $166.00 to $191.00 and gave the company a "buy" rating in a research report on Friday, April 5th. Bank of America reduced their target price on D.R. Horton from $182.00 to $168.00 and set a "buy" rating for the company in a research note on Friday, April 19th. Finally, Raymond James lifted their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the company an "outperform" rating in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $158.41.

D.R. Horton Price Performance

Shares of NYSE DHI traded up $0.47 during mid-day trading on Friday, reaching $149.97. The company's stock had a trading volume of 2,085,630 shares, compared to its average volume of 2,745,725. The stock has a 50-day moving average of $152.30 and a two-hundred day moving average of $143.42. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The stock has a market capitalization of $49.39 billion, a P/E ratio of 10.21, a P/E/G ratio of 0.74 and a beta of 1.66. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating analysts' consensus estimates of $3.08 by $0.44. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. D.R. Horton's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.73 EPS. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 14.31 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, May 2nd were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.80%. D.R. Horton's payout ratio is 8.17%.

Insiders Place Their Bets

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the firm's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the sale, the insider now directly owns 773,121 shares of the company's stock, valued at approximately $120,862,005.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Barbara K. Allen sold 363 shares of the company's stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the transaction, the director now directly owns 5,650 shares in the company, valued at $838,799. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David V. Auld sold 25,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares of the company's stock, valued at $120,862,005.93. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,812 shares of company stock valued at $4,330,617. Insiders own 1.74% of the company's stock.

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.