D.R. Horton, Inc. $DHI Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 20.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 27,904 shares of the construction company’s stock after selling 7,165 shares during the period. Ninety One UK Ltd’s holdings in D.R. Horton were worth $4,729,000 as of its most recent filing with the SEC.

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

D.R. Horton Trading Down 1.0%

Shares of NYSE DHI opened at $144.01 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.48 and a quick ratio of 1.18. The stock has a market cap of $41.92 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 1.71 and a beta of 1.42. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The firm has a 50-day moving average of $149.50 and a 200 day moving average of $152.34.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, October 28th. The construction company reported $3.04 EPS for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). The business had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.44 billion. D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.92 earnings per share. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s payout ratio is presently 15.53%.

Analyst Ratings Changes

Several research firms have commented on DHI. Barclays upped their price objective on shares of D.R. Horton from $110.00 to $132.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Evercore ISI set a $169.00 target price on D.R. Horton and gave the stock an “in-line” rating in a research report on Tuesday, October 7th. UBS Group boosted their price target on D.R. Horton from $187.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Royal Bank Of Canada boosted their target price on shares of D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 29th. Finally, Bank of America cut their price objective on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $161.08.

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.