D.R. Horton, Inc. (NYSE:DHI) Stake Lessened by Soros Fund Management LLC

Soros Fund Management LLC reduced its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 18.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,408 shares of the construction company's stock after selling 36,037 shares during the period. Soros Fund Management LLC owned about 0.05% of D.R. Horton worth $22,708,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Schonfeld Strategic Advisors LLC raised its holdings in shares of D.R. Horton by 271.6% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 40,524 shares of the construction company's stock worth $5,666,000 after acquiring an additional 64,133 shares during the last quarter. AQR Capital Management LLC raised its position in shares of D.R. Horton by 9.9% in the fourth quarter. AQR Capital Management LLC now owns 249,784 shares of the construction company's stock valued at $34,925,000 after buying an additional 22,417 shares during the last quarter. Northern Trust Corp lifted its stake in shares of D.R. Horton by 15.8% during the fourth quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company's stock valued at $471,899,000 after buying an additional 460,804 shares during the period. The Manufacturers Life Insurance Company boosted its position in D.R. Horton by 0.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 178,449 shares of the construction company's stock worth $24,951,000 after acquiring an additional 1,148 shares during the last quarter. Finally, Bellwether Advisors LLC purchased a new stake in D.R. Horton in the 4th quarter worth approximately $896,000. Institutional investors and hedge funds own 90.63% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Barclays decreased their price objective on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Wedbush restated a "neutral" rating and issued a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. StockNews.com downgraded shares of D.R. Horton from a "hold" rating to a "sell" rating in a research note on Thursday. Wells Fargo & Company lowered their target price on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. cut their price target on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $151.15.

D.R. Horton Stock Up 1.3 %

NYSE:DHI traded up $1.68 during mid-day trading on Friday, hitting $127.23. The company had a trading volume of 2,469,150 shares, compared to its average volume of 2,954,289. The business has a fifty day simple moving average of $125.76 and a 200-day simple moving average of $143.47. The firm has a market capitalization of $39.08 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. 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 announced its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). The company had revenue of $7.73 billion for the quarter, compared to analysts' expectations of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same quarter in the previous year, the business posted $3.52 earnings per share. Equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. D.R. Horton's dividend payout ratio is presently 12.11%.

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.