Nuveen Asset Management LLC Sells 182,143 Shares of D.R. Horton, Inc. (NYSE:DHI)

Nuveen Asset Management LLC decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 11.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,422,570 shares of the construction company’s stock after selling 182,143 shares during the quarter. Nuveen Asset Management LLC’s holdings in D.R. Horton were worth $198,904,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Equity Partners increased its holdings in shares of D.R. Horton by 435.6% in the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock worth $545,000 after acquiring an additional 3,171 shares in the last quarter. Park Avenue Securities LLC grew its position in shares of D.R. Horton by 10.9% in the 4th quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company’s stock valued at $3,923,000 after acquiring an additional 2,767 shares during the period. U.S. Capital Wealth Advisors LLC increased its position in D.R. Horton by 15.5% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,916 shares of the construction company’s stock worth $2,086,000 after buying an additional 2,003 shares during the last quarter. Swedbank AB lifted its holdings in D.R. Horton by 27.0% during the 4th quarter. Swedbank AB now owns 427,045 shares of the construction company’s stock valued at $59,709,000 after purchasing an additional 90,776 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in D.R. Horton by 82.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 263,515 shares of the construction company’s stock valued at $36,306,000 after buying an additional 119,392 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

DHI has been the topic of several research reports. Wedbush restated a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research note on Tuesday. Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. reduced their price objective 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. Finally, BTIG Research cut their price target on D.R. Horton from $171.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and a consensus price target of $151.15.

D.R. Horton Trading Up 1.0%

NYSE DHI opened at $123.27 on Friday. The stock’s 50 day moving average is $124.66 and its 200 day moving average is $139.22. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $37.87 billion, a PE ratio of 8.71, a P/E/G ratio of 0.54 and a beta of 1.45. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). The business had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same quarter in the previous year, the business earned $3.52 earnings per share. Research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were given a $0.40 dividend. The ex-dividend date was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.30%. D.R. Horton’s dividend payout ratio is currently 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.