Securian Asset Management Inc. Lowers Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Securian Asset Management Inc. cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,672 shares of the construction company’s stock after selling 556 shares during the period. Securian Asset Management Inc.’s holdings in D.R. Horton were worth $2,191,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DHI. Mountaineer Partners Management LLC purchased a new stake in shares of D.R. Horton during the third quarter worth approximately $1,853,178,000. FMR LLC grew its position in D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after buying an additional 2,442,581 shares during the last quarter. Raymond James Financial Inc. acquired a new position in D.R. Horton in the 4th quarter valued at $98,720,000. Amundi raised its position in D.R. Horton by 69.1% during the 4th quarter. Amundi now owns 1,358,213 shares of the construction company’s stock worth $190,014,000 after buying an additional 555,122 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of D.R. Horton in the 3rd quarter worth $72,672,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Price Performance

D.R. Horton stock opened at $125.19 on Friday. 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’s 50-day simple moving average is $135.64 and its 200 day simple moving average is $159.66. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85. The firm has a market capitalization of $39.45 billion, a PE ratio of 8.85, a P/E/G ratio of 0.54 and a beta of 1.80.

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

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, February 7th. D.R. Horton’s payout ratio is 11.31%.

Analyst Ratings Changes

DHI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Seaport Res Ptn raised D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Royal Bank of Canada restated an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, UBS Group cut their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.