AustralianSuper Pty Ltd Trims Stake in D.R. Horton, Inc. $DHI

AustralianSuper Pty Ltd decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 35.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,267 shares of the construction company’s stock after selling 20,610 shares during the period. AustralianSuper Pty Ltd’s holdings in D.R. Horton were worth $6,316,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DHI. Canton Hathaway LLC purchased a new position in D.R. Horton in the 3rd quarter worth approximately $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of D.R. Horton in the 3rd quarter worth about $27,000. Westfuller Advisors LLC purchased a new stake in D.R. Horton during the third quarter valued at approximately $34,000. Twin Peaks Wealth Advisors LLC bought a new stake in D.R. Horton in the second quarter worth $29,000. Finally, Grey Fox Wealth Advisors LLC purchased a new stake in D.R. Horton in the 3rd quarter worth about $40,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 0.1%

Shares of NYSE DHI opened at $150.30 on Friday. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. The company’s 50-day simple moving average is $152.15 and its 200-day simple moving average is $155.51. The firm has a market cap of $43.54 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 2.29 and a beta of 1.42. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54.

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. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The firm had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period in the previous year, the business posted $2.61 earnings per share. D.R. Horton’s quarterly revenue was down 9.5% on a year-over-year basis. Equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have commented on DHI shares. UBS Group set a $163.00 target price on shares of D.R. Horton in a research note on Tuesday. Keefe, Bruyette & Woods reiterated a “reduce” rating on shares of D.R. Horton in a research note on Tuesday. Wells Fargo & Company set a $158.00 target price on shares of D.R. Horton in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 29th. Finally, Bank of America cut their price target on shares of D.R. Horton from $162.00 to $158.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 21st. Five investment 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.