Grantham Mayo Van Otterloo & Co. LLC Has $33.37 Million Stake in D.R. Horton, Inc. $DHI

Grantham Mayo Van Otterloo & Co. LLC lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 196,895 shares of the construction company’s stock after selling 8,430 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned about 0.07% of D.R. Horton worth $33,368,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in DHI. Winnow Wealth LLC bought a new position in shares of D.R. Horton during the 3rd quarter worth approximately $960,000. Berkshire Hathaway Inc bought a new stake in shares of D.R. Horton in the 2nd quarter valued at $191,491,000. Mediolanum International Funds Ltd increased its stake in shares of D.R. Horton by 96.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock valued at $25,670,000 after acquiring an additional 74,266 shares in the last quarter. Arete Wealth Advisors LLC acquired a new position in shares of D.R. Horton during the 3rd quarter valued at $946,000. Finally, Trinity Street Asset Management LLP bought a new position in D.R. Horton during the third quarter worth $25,140,000. 90.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Zacks Research cut shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Citigroup dropped their price objective on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Bank of America set a $158.00 target price on D.R. Horton in a research report on Wednesday, January 21st. Finally, Argus upped their price target on D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $159.93.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the transaction, the senior vice president owned 6,457 shares in the company, valued at approximately $1,081,870.35. The trade was a 3.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.66% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $147.45 on Monday. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $155.11 and a two-hundred day simple moving average of $157.25. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54. The firm has a market capitalization of $42.72 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 2.28 and a beta of 1.43.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. The firm had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period last year, the firm earned $2.61 earnings per share. Analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, February 5th. D.R. Horton’s dividend payout ratio is currently 16.35%.

About D.R. Horton

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.