D.R. Horton, Inc. $DHI Stock Position Lowered by Banco Santander S.A.

Banco Santander S.A. lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 43.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,344 shares of the construction company’s stock after selling 10,454 shares during the quarter. Banco Santander S.A.’s holdings in D.R. Horton were worth $2,261,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DHI. Winnow Wealth LLC acquired a new stake in D.R. Horton during the 3rd quarter worth about $960,000. Berkshire Hathaway Inc acquired a new position in shares of D.R. Horton in the second quarter worth about $191,491,000. Trinity Street Asset Management LLP purchased a new position in shares of D.R. Horton in the third quarter worth approximately $25,140,000. Mediolanum International Funds Ltd raised its holdings in shares of D.R. Horton by 96.6% during the third quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock valued at $25,670,000 after acquiring an additional 74,266 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of D.R. Horton by 12.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,269,557 shares of the construction company’s stock valued at $384,624,000 after acquiring an additional 252,878 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Insider Activity at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the transaction, the senior vice president owned 6,457 shares in the company, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.66% of the stock is currently owned by company insiders.

D.R. Horton Price Performance

DHI opened at $160.17 on Friday. The stock has a fifty day moving average price of $154.56 and a 200 day moving average price of $157.79. 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 1 year low of $110.44 and a 1 year high of $184.54. The stock has a market cap of $46.40 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 2.48 and a beta of 1.44.

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

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s payout ratio is currently 16.35%.

Analyst Ratings Changes

Several research firms have weighed in on DHI. Zacks Research cut shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Barclays lowered their price target on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 21st. BTIG Research set a $182.00 price objective on D.R. Horton in a research note on Wednesday, January 21st. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $155.00 target price (down from $180.00) on shares of D.R. Horton in a research note on Tuesday, January 6th. Finally, Argus upped their target price on D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $160.29.

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.