D.R. Horton, Inc. $DHI Stock Holdings Lessened by Trinity Street Asset Management LLP

Trinity Street Asset Management LLP cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 157,114 shares of the construction company’s stock after selling 3,098 shares during the period. D.R. Horton comprises approximately 1.5% of Trinity Street Asset Management LLP’s holdings, making the stock its 17th largest position. Trinity Street Asset Management LLP owned approximately 0.05% of D.R. Horton worth $21,559,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DHI. First Manhattan CO. LLC. boosted its stake in shares of D.R. Horton by 2.0% during the 4th quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock valued at $511,000 after buying an additional 70 shares during the period. Deseret Mutual Benefit Administrators boosted its position in D.R. Horton by 11.0% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock valued at $103,000 after purchasing an additional 71 shares during the last quarter. AMG National Trust Bank grew its stake in D.R. Horton by 0.7% in the fourth quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock valued at $1,570,000 after purchasing an additional 74 shares in the last quarter. AdvisorShares Investments LLC increased its position in D.R. Horton by 2.4% in the 4th quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock worth $480,000 after purchasing an additional 77 shares during the last quarter. Finally, Studio Investment Management LLC increased its position in D.R. Horton by 0.3% in the 4th quarter. Studio Investment Management LLC now owns 23,083 shares of the construction company’s stock worth $3,325,000 after purchasing an additional 79 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the subject of several research reports. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. UBS Group increased their price objective on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Citigroup lifted their target price on shares of D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Finally, Wells Fargo & Company raised their price target on shares of D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and an average target price of $168.54.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $162.97 on Wednesday. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $150.98 and a 200-day simple moving average of $150.16. The stock has a market capitalization of $46.21 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 2.29 and a beta of 1.37. D.R. Horton, Inc. has a 1-year low of $128.00 and a 1-year high of $184.54.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. The business had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. D.R. Horton’s revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $2.58 EPS. On average, sell-side analysts expect that D.R. Horton, Inc. will post 10.61 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were paid a $0.45 dividend. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. D.R. Horton’s payout ratio is presently 16.87%.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.