Boston Trust Walden Corp Reduces Position in D.R. Horton, Inc. $DHI

Boston Trust Walden Corp reduced its stake in D.R. Horton, Inc. (NYSE:DHI) by 17.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 233,922 shares of the construction company’s stock after selling 49,626 shares during the quarter. Boston Trust Walden Corp’s holdings in D.R. Horton were worth $39,643,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of D.R. Horton during the 2nd quarter worth about $29,000. Bayforest Capital Ltd increased its position in shares of D.R. Horton by 340.4% during the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after acquiring an additional 194 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of D.R. Horton by 1,678.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock worth $44,000 after acquiring an additional 319 shares during the last quarter. Ransom Advisory Ltd purchased a new position in shares of D.R. Horton during the 1st quarter worth approximately $51,000. Finally, Adirondack Trust Co. increased its holdings in D.R. Horton by 53.2% in the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock valued at $52,000 after purchasing an additional 141 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Down 0.3%

DHI stock opened at $145.91 on Tuesday. The company’s 50 day moving average price is $150.34 and its 200 day moving average price is $152.30. The firm has a market capitalization of $42.47 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 1.74 and a beta of 1.38. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 6.48.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, October 28th. The construction company reported $3.04 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 analyst estimates of $9.44 billion. During the same quarter last year, the firm earned $3.92 EPS. The company’s revenue was down 3.2% on a year-over-year basis. 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. Shareholders of record on Thursday, November 13th were paid a $0.45 dividend. This is a boost 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 1.2%. The ex-dividend date was Thursday, November 13th. D.R. Horton’s payout ratio is 15.53%.

Analyst Ratings Changes

Several research firms have recently commented on DHI. Royal Bank Of Canada raised their price target on D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 29th. Bank of America dropped their target price on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Keefe, Bruyette & Woods reduced their price target on shares of D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 29th. Wells Fargo & Company lowered their price objective on shares of D.R. Horton from $190.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, December 8th. Finally, UBS Group upped their target price on shares of D.R. Horton from $187.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $161.08.

D.R. Horton Profile

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.