D.R. Horton, Inc. $DHI Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI) by 20.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,904 shares of the construction company’s stock after selling 7,165 shares during the quarter. Ninety One UK Ltd’s holdings in D.R. Horton were worth $4,729,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in D.R. Horton in the 2nd quarter valued at about $494,278,000. Berkshire Hathaway Inc purchased a new position in D.R. Horton in the second quarter valued at about $191,491,000. Viking Global Investors LP raised its stake in shares of D.R. Horton by 108.3% in the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after purchasing an additional 1,469,978 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in D.R. Horton by 42.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,827,694 shares of the construction company’s stock worth $378,628,000 after acquiring an additional 846,085 shares during the period. Finally, Amundi grew its position in shares of D.R. Horton by 60.2% during the first quarter. Amundi now owns 2,176,211 shares of the construction company’s stock worth $266,811,000 after acquiring an additional 817,998 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of DHI stock opened at $144.01 on Friday. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $184.54. The business’s 50 day simple moving average is $149.50 and its 200 day simple moving average is $152.34. The stock has a market capitalization of $41.92 billion, a PE ratio of 12.43, a PEG ratio of 1.71 and a beta of 1.42. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.48 and a quick ratio of 1.18.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data 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). The company had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.44 billion. D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. D.R. Horton’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.92 EPS. As a group, research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, November 13th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s dividend payout ratio is 15.53%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of D.R. Horton from $110.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Royal Bank Of Canada raised their price target on shares of D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 29th. Weiss Ratings restated a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday. BTIG Research started coverage on D.R. Horton in a research report on Monday, December 1st. They issued a “buy” rating and a $186.00 price objective for the company. Finally, Keefe, Bruyette & Woods cut their price target on shares of D.R. Horton from $178.00 to $175.00 and set a “market perform” rating for the company in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $161.08.

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.