Signaturefd LLC Trims Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Signaturefd LLC lessened its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,295 shares of the construction company’s stock after selling 1,167 shares during the quarter. Signaturefd LLC’s holdings in D.R. Horton were worth $1,300,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Mountaineer Partners Management LLC purchased a new stake in shares of D.R. Horton during the 3rd quarter valued at approximately $1,853,178,000. FMR LLC raised its position in 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 during the period. Geode Capital Management LLC raised 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 valued at $1,351,435,000 after purchasing an additional 21,073 shares during the period. Smead Capital Management Inc. raised its position in D.R. Horton by 3.5% in the third quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock valued at $480,106,000 after purchasing an additional 84,835 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in D.R. Horton by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company’s stock valued at $259,857,000 after purchasing an additional 47,678 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $127.85 on Wednesday. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average price of $134.94 and a 200 day moving average price of $157.98. The company has a market cap of $40.29 billion, a P/E ratio of 9.04, a PEG ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping 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 net margin of 12.69% and a return on equity of 18.48%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.82 earnings per share. Sell-side analysts predict 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 announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. D.R. Horton’s payout ratio is currently 11.31%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DHI shares. Wells Fargo & Company cut their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Citigroup cut their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and cut their target price for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, D.R. Horton 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.