First Trust Advisors LP reduced its stake in shares of D. R. Horton Inc (NYSE:DHI) by 3.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 360,306 shares of the construction company’s stock after selling 12,837 shares during the quarter. First Trust Advisors LP’s holdings in D. R. Horton were worth $15,198,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Qube Research & Technologies Ltd raised its stake in D. R. Horton by 2,033.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,883 shares of the construction company’s stock worth $159,000 after acquiring an additional 3,701 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in D. R. Horton during the 2nd quarter worth $162,000. Hollencrest Capital Management acquired a new stake in D. R. Horton during the 3rd quarter worth $205,000. Atria Investments LLC purchased a new position in D. R. Horton during the 2nd quarter worth $214,000. Finally, United Asset Strategies Inc. purchased a new position in D. R. Horton during the 2nd quarter worth $231,000. Hedge funds and other institutional investors own 84.11% of the company’s stock.
Several research analysts have issued reports on the stock. Mizuho set a $46.00 price objective on shares of D. R. Horton and gave the stock a “hold” rating in a research report on Monday, August 6th. KeyCorp set a $54.00 price objective on shares of D. R. Horton and gave the stock a “buy” rating in a research report on Friday, July 27th. Evercore ISI raised shares of D. R. Horton from an “in-line” rating to an “outperform” rating in a research report on Friday, July 27th. JMP Securities lowered their price objective on shares of D. R. Horton from $56.00 to $52.00 and set a “market outperform” rating on the stock in a research report on Friday, July 27th. Finally, MKM Partners lowered their price objective on shares of D. R. Horton to $52.00 and set a “neutral” rating on the stock in a research report on Friday, August 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $48.79.
Shares of D. R. Horton stock opened at $34.40 on Friday. D. R. Horton Inc has a 1 year low of $33.70 and a 1 year high of $53.32. The company has a current ratio of 7.06, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The firm has a market cap of $14.15 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 0.83 and a beta of 1.26.
D. R. Horton (NYSE:DHI) last issued its earnings results on Thursday, November 8th. The construction company reported $1.22 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.22. The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.56 billion. D. R. Horton had a net margin of 8.32% and a return on equity of 17.19%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 earnings per share. On average, research analysts forecast that D. R. Horton Inc will post 4.54 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Monday, November 26th will be issued a $0.15 dividend. This is an increase from D. R. Horton’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, November 23rd. This represents a $0.60 annualized dividend and a dividend yield of 1.74%. D. R. Horton’s payout ratio is presently 12.22%.
In other news, Director Michael W. Hewatt sold 3,000 shares of D. R. Horton stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $45.01, for a total value of $135,030.00. Following the sale, the director now owns 11,000 shares of the company’s stock, valued at $495,110. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 7.20% of the stock is owned by insiders.
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D. R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.
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