Mutual of America Capital Management LLC Decreases Holdings in D.R. Horton, Inc. (NYSE:DHI)

Mutual of America Capital Management LLC reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,395 shares of the construction company’s stock after selling 1,730 shares during the quarter. Mutual of America Capital Management LLC’s holdings in D.R. Horton were worth $6,487,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Coastline Trust Co purchased a new position in D.R. Horton during the 3rd quarter worth $26,000. Rakuten Securities Inc. boosted its holdings in D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after acquiring an additional 117 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of D.R. Horton during the fourth quarter worth about $30,000. FSA Wealth Management LLC acquired a new position in shares of D.R. Horton during the third quarter valued at about $47,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of D.R. Horton in the 3rd quarter valued at approximately $50,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. JMP Securities reissued a “market outperform” rating and set a $210.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Bank of America lowered D.R. Horton from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. Citigroup dropped their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $125.63 on Tuesday. The company has a market capitalization of $39.59 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. 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’s fifty day moving average price is $137.19 and its 200 day moving average price is $162.33. D.R. Horton, Inc. has a 1 year low of $124.23 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping 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 company posted $2.82 EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 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.