D.R. Horton, Inc. $DHI Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its holdings in D.R. Horton, Inc. (NYSE:DHI) by 18.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 49,819 shares of the construction company’s stock after selling 11,374 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in D.R. Horton were worth $7,175,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DHI. Concord Wealth Partners acquired a new stake in shares of D.R. Horton in the 3rd quarter valued at approximately $25,000. Canton Hathaway LLC acquired a new stake in shares of D.R. Horton in the 3rd quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of D.R. Horton in the 3rd quarter valued at approximately $27,000. Sound Income Strategies LLC acquired a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $27,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of D.R. Horton in the 3rd quarter valued at approximately $31,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

NYSE DHI opened at $144.34 on Thursday. D.R. Horton, Inc. has a 1-year low of $114.17 and a 1-year high of $184.54. The company has a market capitalization of $41.82 billion, a P/E ratio of 13.11, a PEG ratio of 2.26 and a beta of 1.44. The business has a 50 day moving average price of $148.78 and a 200 day moving average price of $151.22. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The firm had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same period last year, the business posted $2.61 EPS. D.R. Horton’s quarterly revenue was down 9.5% on a year-over-year basis. Sell-side analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is presently 16.35%.

Analyst Upgrades and Downgrades

DHI has been the subject of several recent analyst reports. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Citizens Jmp reissued a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. Evercore raised their price target on D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a report on Wednesday, January 21st. UBS Group reissued a “buy” rating on shares of D.R. Horton in a report on Thursday, March 12th. Finally, Citigroup reduced their price target on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $159.33.

Insiders Place Their Bets

In related news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the transaction, the senior vice president directly owned 6,457 shares of the company’s stock, valued at $1,081,870.35. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.66% of the stock is owned by insiders.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.