First Trust Advisors LP Has $225.26 Million Stock Holdings in D.R. Horton, Inc. $DHI

First Trust Advisors LP trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 17.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,747,286 shares of the construction company’s stock after selling 360,266 shares during the quarter. First Trust Advisors LP owned 0.59% of D.R. Horton worth $225,260,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DHI. Norges Bank acquired a new position in shares of D.R. Horton in the second quarter valued at approximately $494,278,000. Allspring Global Investments Holdings LLC raised its holdings in shares of D.R. Horton by 42.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,827,694 shares of the construction company’s stock worth $378,628,000 after acquiring an additional 846,085 shares during the period. Amundi lifted its position in D.R. Horton by 60.2% in the 1st quarter. Amundi now owns 2,176,211 shares of the construction company’s stock valued at $266,811,000 after acquiring an additional 817,998 shares in the last quarter. Nuveen LLC acquired a new position in D.R. Horton in the 1st quarter worth $98,382,000. Finally, Vanguard Group Inc. increased its holdings in D.R. Horton by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company’s stock worth $4,279,706,000 after purchasing an additional 642,642 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 2.6%

NYSE DHI opened at $160.73 on Friday. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54. The company has a current ratio of 6.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $153.92 and a 200-day moving average of $148.36. The company has a market cap of $46.94 billion, a PE ratio of 13.87, a PEG ratio of 1.97 and a beta of 1.38.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.29 by ($0.25). D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.The firm had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.44 billion. During the same period last year, the company posted $3.92 earnings per share. The business’s revenue was down 3.2% compared to the same quarter last year. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, November 13th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. D.R. Horton’s dividend payout ratio is 15.53%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wells Fargo & Company lifted their price target on D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Citigroup reissued a “market outperform” rating on shares of D.R. Horton in a research report on Thursday, October 30th. Bank of America cut their target price on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. BTIG Research started coverage on shares of D.R. Horton in a research note on Monday. They set a “buy” rating and a $186.00 price target for the company. Finally, Evercore ISI set a $169.00 price objective on shares of D.R. Horton and gave the company an “in-line” rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $160.15.

D.R. Horton 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.