Sapient Capital LLC Grows Position in D.R. Horton, Inc. (NYSE:DHI)

Sapient Capital LLC raised its position in D.R. Horton, Inc. (NYSE:DHI) by 0.8% during the first quarter, Holdings Channel reports. The fund owned 65,811 shares of the construction company’s stock after acquiring an additional 495 shares during the period. Sapient Capital LLC’s holdings in D.R. Horton were worth $8,367,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in D.R. Horton by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company’s stock valued at $1,009,077,000 after acquiring an additional 127,606 shares during the period. Norges Bank bought a new position in D.R. Horton in the fourth quarter valued at about $593,363,000. Franklin Resources Inc. lifted its holdings in D.R. Horton by 71.5% in the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company’s stock valued at $499,774,000 after acquiring an additional 1,490,648 shares during the period. Dimensional Fund Advisors LP lifted its holdings in D.R. Horton by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company’s stock valued at $485,984,000 after acquiring an additional 72,161 shares during the period. Finally, Northern Trust Corp lifted its holdings in D.R. Horton by 15.8% in the fourth quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company’s stock valued at $471,899,000 after acquiring an additional 460,804 shares during the period. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on D.R. Horton from $132.00 to $111.00 and set an “underweight” rating on the stock in a report on Monday, April 21st. Keefe, Bruyette & Woods decreased their price objective on D.R. Horton from $165.00 to $135.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group decreased their price objective on D.R. Horton from $173.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. JMP Securities decreased their price objective on D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating on the stock in a research note on Monday, April 21st. Finally, Wall Street Zen raised D.R. Horton from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th. Two equities 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $151.15.

D.R. Horton Stock Down 1.8%

Shares of DHI opened at $124.70 on Thursday. The business’s 50 day moving average is $121.94 and its 200 day moving average is $133.37. The company has a market capitalization of $38.31 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 0.54 and a beta of 1.37. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month 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) last issued its 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 for the quarter, compared to the consensus estimate 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 period last year, the business posted $3.52 EPS. Research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton’s dividend payout ratio is presently 12.11%.

D.R. Horton Company Profile

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.