Brevan Howard Capital Management LP Reduces Holdings in D.R. Horton, Inc. $DHI

Brevan Howard Capital Management LP lowered its position in D.R. Horton, Inc. (NYSE:DHI) by 68.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,596 shares of the construction company’s stock after selling 66,973 shares during the quarter. Brevan Howard Capital Management LP’s holdings in D.R. Horton were worth $5,185,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Concord Wealth Partners acquired a new position in shares of D.R. Horton in the third quarter worth about $25,000. Canton Hathaway LLC purchased a new position in D.R. Horton in the third quarter valued at about $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in D.R. Horton during the 3rd quarter valued at approximately $27,000. Ameriflex Group Inc. purchased a new stake in D.R. Horton during the 3rd quarter worth approximately $31,000. Finally, Westfuller Advisors LLC purchased a new stake in D.R. Horton during the 3rd quarter worth approximately $34,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DHI shares. Barclays reduced their target price on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 21st. Citizens Jmp restated a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Citigroup cut 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 report on Thursday, January 8th. Evercore raised their price objective on shares of D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a report on Wednesday, January 21st. Finally, Zacks Research downgraded shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $159.93.

D.R. Horton Stock Up 1.0%

Shares of NYSE:DHI opened at $140.45 on Monday. The stock has a market capitalization of $40.69 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 2.17 and a beta of 1.43. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The company’s fifty day moving average is $154.91 and its two-hundred day moving average is $156.38. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate 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 business had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same period in the previous year, the business posted $2.61 EPS. The company’s quarterly revenue was down 9.5% on a year-over-year basis. Equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, February 5th. D.R. Horton’s payout ratio is presently 16.35%.

Insider Activity at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the transaction, the senior vice president directly owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.66% of the company’s stock.

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.