Oppenheimer Asset Management Inc. Has $3.01 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Oppenheimer Asset Management Inc. lessened its stake in D.R. Horton, Inc. (NYSE:DHI) by 15.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,507 shares of the construction company’s stock after selling 4,071 shares during the period. Oppenheimer Asset Management Inc.’s holdings in D.R. Horton were worth $3,007,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mountaineer Partners Management LLC bought a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $1,853,178,000. FMR LLC raised its stake in shares of D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares in the last quarter. Geode Capital Management LLC lifted its position in D.R. Horton by 0.3% in the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after purchasing an additional 21,073 shares during the period. Smead Capital Management Inc. boosted its stake in D.R. Horton by 3.5% during the third quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock worth $480,106,000 after buying an additional 84,835 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in D.R. Horton by 7.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after buying an additional 120,892 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $126.59 on Friday. The company has a fifty day moving average price of $137.48 and a 200 day moving average price of $162.76. D.R. Horton, Inc. has a 1-year low of $124.23 and a 1-year high of $199.85. The firm has a market cap of $39.89 billion, a PE ratio of 8.95, a PEG ratio of 0.54 and a beta of 1.76. 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 posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The business 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%. D.R. Horton’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the company earned $2.82 earnings per share. Research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on DHI shares. Citigroup dropped their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. The Goldman Sachs Group dropped their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. Finally, Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and cut their price objective for the company from $160.00 to $150.00 in a report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus price target of $170.93.

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.