Robeco Institutional Asset Management B.V. Sells 33,612 Shares of D.R. Horton, Inc. (NYSE:DHI)

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 49.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,310 shares of the construction company’s stock after selling 33,612 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in D.R. Horton were worth $4,797,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Coastline Trust Co bought a new stake in shares of D.R. Horton in the third quarter worth $26,000. Rakuten Securities Inc. lifted its holdings in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares during the period. Wolff Wiese Magana LLC grew its position in shares of D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after buying an additional 196 shares during the last quarter. Grove Bank & Trust increased its stake in shares of D.R. Horton by 76.2% in the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after buying an additional 93 shares during the period. Finally, FSA Wealth Management LLC bought a new position in shares of D.R. Horton during the third quarter worth about $47,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the topic of several analyst reports. Citigroup reduced their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company decreased their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. Finally, Barclays dropped their price objective on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Trading Down 2.8 %

NYSE DHI opened at $141.88 on Monday. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85. The business has a 50 day moving average price of $148.24 and a 200-day moving average price of $168.87. The company has a market cap of $44.71 billion, a price-to-earnings ratio of 10.03, a P/E/G ratio of 0.57 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The business had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. D.R. Horton’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.82 EPS. As a group, equities analysts expect that D.R. Horton, Inc. will post 13.71 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

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.