First Trust Advisors LP lowered its stake in shares of D. R. Horton Inc (NYSE:DHI) by 3.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 360,306 shares of the construction company’s stock after selling 12,837 shares during the period. First Trust Advisors LP owned approximately 0.10% of D. R. Horton worth $15,198,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. IFP Advisors Inc boosted its position in shares of D. R. Horton by 213.5% during the 3rd quarter. IFP Advisors Inc now owns 22,674 shares of the construction company’s stock worth $956,000 after purchasing an additional 15,441 shares during the period. Pillar Pacific Capital Management LLC acquired a new stake in D. R. Horton during the 3rd quarter worth approximately $543,000. Exane Derivatives lifted its holdings in D. R. Horton by 4,238.2% during the 3rd quarter. Exane Derivatives now owns 26,680 shares of the construction company’s stock worth $1,125,000 after buying an additional 26,065 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in D. R. Horton during the 3rd quarter worth approximately $1,551,000. Finally, NuWave Investment Management LLC lifted its holdings in D. R. Horton by 307.7% during the 3rd quarter. NuWave Investment Management LLC now owns 6,034 shares of the construction company’s stock worth $254,000 after buying an additional 4,554 shares in the last quarter. 84.11% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Michael W. Hewatt sold 3,000 shares of the firm’s stock in a transaction on 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 directly owns 11,000 shares in the company, valued at approximately $495,110. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.20% of the stock is currently owned by company insiders.
A number of equities research analysts have issued reports on the stock. ValuEngine lowered shares of D. R. Horton from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. Barclays set a $51.00 target price on shares of D. R. Horton and gave the stock a “buy” rating in a report on Friday, September 14th. Evercore ISI upgraded shares of D. R. Horton from an “in-line” rating to an “outperform” rating in a report on Friday, July 27th. BTIG Research reduced their target price on shares of D. R. Horton to $52.00 and set a “buy” rating on the stock in a report on Friday. Finally, Wedbush set a $43.00 target price on shares of D. R. Horton and gave the stock a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $48.79.
Shares of DHI opened at $34.40 on Friday. D. R. Horton Inc has a twelve month low of $33.70 and a twelve month high of $53.32. The firm has a market capitalization of $14.15 billion, a PE ratio of 10.22, a PEG ratio of 0.83 and a beta of 1.26. The company has a current ratio of 7.06, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, November 8th. The construction company reported $1.22 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.22. D. R. Horton had a net margin of 8.32% and a return on equity of 17.19%. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same period last year, the business earned $0.82 EPS. The company’s revenue was up 8.3% on a year-over-year basis. Equities analysts expect that D. R. Horton Inc will post 4.54 EPS for the current year.
The company also recently disclosed 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 represents a $0.60 dividend on an annualized basis and a dividend yield of 1.74%. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, November 23rd. D. R. Horton’s dividend payout ratio (DPR) is presently 12.22%.
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About D. R. Horton
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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