Redwood Investments LLC Has $252,000 Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Redwood Investments LLC trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,803 shares of the construction company’s stock after selling 143 shares during the period. Redwood Investments LLC’s holdings in D.R. Horton were worth $252,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in shares of D.R. Horton by 5.5% during the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock valued at $229,000 after purchasing an additional 82 shares during the period. Nemes Rush Group LLC boosted its stake in D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after buying an additional 82 shares in the last quarter. Secure Asset Management LLC boosted its stake in D.R. Horton by 4.8% during the fourth quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company’s stock worth $257,000 after buying an additional 84 shares in the last quarter. Horizon Investments LLC increased its holdings in D.R. Horton by 1.7% in the 4th quarter. Horizon Investments LLC now owns 5,503 shares of the construction company’s stock valued at $767,000 after buying an additional 91 shares during the period. Finally, Bfsg LLC raised its stake in shares of D.R. Horton by 24.4% in the 4th quarter. Bfsg LLC now owns 484 shares of the construction company’s stock valued at $68,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the topic of several recent research reports. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Tuesday. Royal Bank of Canada cut their price target on shares of D.R. Horton from $125.00 to $105.00 and set an “underperform” rating for the company in a research note on Monday, April 21st. Wedbush reiterated a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Wells Fargo & Company cut their target price on D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Finally, Seaport Res Ptn upgraded D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, D.R. Horton has an average rating of “Hold” and an average target price of $151.15.

D.R. Horton Trading Down 3.5%

Shares of DHI opened at $121.97 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The company has a market cap of $37.47 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 0.54 and a beta of 1.45. The stock has a fifty day moving average price of $124.87 and a two-hundred day moving average price of $139.62. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). The business had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same period in the prior year, the firm earned $3.52 earnings per share. Analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton’s dividend payout ratio is presently 12.11%.

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.