D.R. Horton, Inc. $DHI Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI) by 69.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,744 shares of the construction company’s stock after selling 53,503 shares during the quarter. Quantbot Technologies LP’s holdings in D.R. Horton were worth $3,061,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Twin Capital Management Inc. increased its stake in D.R. Horton by 0.3% in the second quarter. Twin Capital Management Inc. now owns 23,330 shares of the construction company’s stock valued at $3,008,000 after purchasing an additional 78 shares during the period. Mutual Advisors LLC grew its holdings in shares of D.R. Horton by 4.8% during the second quarter. Mutual Advisors LLC now owns 1,749 shares of the construction company’s stock worth $225,000 after buying an additional 80 shares during the last quarter. Horizon Investments LLC grew its holdings in shares of D.R. Horton by 1.5% during the first quarter. Horizon Investments LLC now owns 5,586 shares of the construction company’s stock worth $708,000 after buying an additional 83 shares during the last quarter. Franchise Capital Ltd increased its position in D.R. Horton by 15.7% in the 2nd quarter. Franchise Capital Ltd now owns 626 shares of the construction company’s stock valued at $81,000 after acquiring an additional 85 shares during the period. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its stake in D.R. Horton by 5.3% during the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,000 shares of the construction company’s stock valued at $258,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

D.R. Horton stock opened at $160.73 on Friday. The firm has a market capitalization of $46.94 billion, a PE ratio of 13.87, a P/E/G ratio of 1.97 and a beta of 1.38. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $184.54. The firm’s 50-day simple moving average is $153.92 and its 200 day simple moving average is $148.36. The company has a quick ratio of 1.18, a current ratio of 6.48 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.29 by ($0.25). D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. The business had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.44 billion. During the same quarter last year, the business posted $3.92 earnings per share. The business’s revenue was down 3.2% compared to the same quarter last year. On average, equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, November 13th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s dividend payout ratio is currently 15.53%.

Analysts Set New Price Targets

Several brokerages have weighed in on DHI. Weiss Ratings reiterated a “hold (c)” rating on shares of D.R. Horton in a research note on Monday. Royal Bank Of Canada lifted their price objective on shares of D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research report on Wednesday, October 29th. Evercore ISI set a $169.00 price objective on shares of D.R. Horton and gave the stock an “in-line” rating in a research report on Tuesday, October 7th. BTIG Research started coverage on shares of D.R. Horton in a report on Monday. They issued a “buy” rating and a $186.00 target price on the stock. Finally, Wells Fargo & Company increased their price target on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average target price of $160.15.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.