Bank of New York Mellon Corp Trims Position in D.R. Horton, Inc. $DHI

Bank of New York Mellon Corp lowered its position in D.R. Horton, Inc. (NYSE:DHI) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,509,865 shares of the construction company’s stock after selling 8,737 shares during the quarter. Bank of New York Mellon Corp’s holdings in D.R. Horton were worth $255,877,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its holdings in D.R. Horton by 23.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after purchasing an additional 803 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of D.R. Horton by 295.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after purchasing an additional 455 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of D.R. Horton during the 2nd quarter worth about $302,000. GC Wealth Management RIA LLC purchased a new stake in D.R. Horton in the 2nd quarter valued at about $408,000. Finally, HB Wealth Management LLC lifted its position in D.R. Horton by 2.2% in the second quarter. HB Wealth Management LLC now owns 13,432 shares of the construction company’s stock valued at $1,732,000 after buying an additional 288 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Up 0.1%

D.R. Horton stock opened at $150.30 on Friday. The firm has a market capitalization of $43.54 billion, a P/E ratio of 13.65, a P/E/G ratio of 2.29 and a beta of 1.42. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $184.54. The stock’s fifty day simple moving average is $152.15 and its 200-day simple moving average is $155.51.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The firm had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the previous year, the firm posted $2.61 EPS. D.R. Horton’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Thursday, February 5th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, February 5th. D.R. Horton’s dividend payout ratio is presently 16.35%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DHI shares. Citigroup reduced their price target on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Citizens Jmp restated a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Argus raised their price target on D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Zacks Research downgraded D.R. Horton from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Finally, Keefe, Bruyette & Woods restated a “reduce” rating on shares of D.R. Horton in a report on Tuesday. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $160.50.

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.