Y Intercept Hong Kong Ltd Has $1.83 Million Stock Holdings in D.R. Horton, Inc. $DHI

Y Intercept Hong Kong Ltd trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 83.1% in the first quarter, HoldingsChannel.com reports. The fund owned 13,366 shares of the construction company’s stock after selling 65,599 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in D.R. Horton were worth $1,834,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. First Manhattan CO. LLC. raised its stake in D.R. Horton by 2.0% in the fourth quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock valued at $511,000 after purchasing an additional 70 shares in the last quarter. Deseret Mutual Benefit Administrators increased its holdings in D.R. Horton by 11.0% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock valued at $103,000 after buying an additional 71 shares during the period. AMG National Trust Bank increased its holdings in D.R. Horton by 0.7% in the 4th quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock valued at $1,570,000 after buying an additional 74 shares during the period. AdvisorShares Investments LLC raised its position in shares of D.R. Horton by 2.4% in the 4th quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock valued at $480,000 after buying an additional 77 shares in the last quarter. Finally, Studio Investment Management LLC lifted its holdings in shares of D.R. Horton by 0.3% during the 4th quarter. Studio Investment Management LLC now owns 23,083 shares of the construction company’s stock worth $3,325,000 after acquiring an additional 79 shares during the period. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 0.7%

D.R. Horton stock opened at $149.61 on Friday. The company has a market capitalization of $42.43 billion, a PE ratio of 14.02, a PEG ratio of 2.08 and a beta of 1.36. D.R. Horton, Inc. has a 12-month low of $129.11 and a 12-month high of $184.54. The firm’s fifty day moving average is $150.34 and its 200 day moving average is $150.23. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The business had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. During the same period last year, the company posted $2.58 earnings per share. The business’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 10.6 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were paid a $0.45 dividend. The ex-dividend date was Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is currently 16.87%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. UBS Group increased their price target on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Barclays raised their price objective on D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Wells Fargo & Company raised their price objective on shares of D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group upped their price target on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $168.54.

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.