QRG Capital Management Inc. Has $35.24 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

QRG Capital Management Inc. cut its holdings in D.R. Horton, Inc. (NYSE:DHI) by 4.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 252,043 shares of the construction company’s stock after selling 12,138 shares during the quarter. QRG Capital Management Inc.’s holdings in D.R. Horton were worth $35,241,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DHI. International Assets Investment Management LLC acquired a new position in D.R. Horton in the third quarter valued at approximately $15,285,000. Nisa Investment Advisors LLC lifted its stake in D.R. Horton by 9.8% in the third quarter. Nisa Investment Advisors LLC now owns 124,958 shares of the construction company’s stock valued at $23,838,000 after buying an additional 11,198 shares during the period. First Trust Direct Indexing L.P. lifted its stake in D.R. Horton by 4.9% in the third quarter. First Trust Direct Indexing L.P. now owns 9,948 shares of the construction company’s stock valued at $1,898,000 after buying an additional 464 shares during the period. Cornerstone Wealth Group LLC bought a new stake in shares of D.R. Horton during the third quarter valued at approximately $275,000. Finally, Catalyst Financial Partners LLC bought a new stake in shares of D.R. Horton during the third quarter valued at approximately $216,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DHI has been the subject of several recent research reports. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. JMP Securities restated a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. UBS Group decreased their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Bank of America downgraded D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $160.00 to $150.00 in a report on Monday, January 27th. Finally, Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Stock Down 2.8 %

Shares of NYSE:DHI opened at $128.40 on Thursday. The company has a market capitalization of $40.46 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The business has a fifty day moving average price of $137.96 and a two-hundred day moving average price of $163.42. D.R. Horton, Inc. has a 1 year low of $124.23 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.82 EPS. Analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

D.R. Horton 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.